How crypto is taxed, what records to keep, common mistakes.
Why swap times vary and what to do during the wait — the full guide to this subject.
If someone gives you cryptocurrency as a gift, you generally do not owe tax when you receive it. You owe ca...
The IRS can audit crypto transactions going back at least six years, and in cases of suspected fraud, there...
If you filed a tax return that omitted crypto income, you can correct it by filing an amended return using ...
The short answer is: no, gas fees paid to execute a crypto transaction are generally not directly deductibl...
If your crypto exchange records are gone, you can still reconstruct and prove your cost basis - the origina...
The short answer is that the IRS can still penalize you for failing to report any crypto trade, regardless ...
No, you cannot cancel a swap once the deposit transaction has been sent. The moment your coins leave your w...
Weekends and public holidays can delay crypto swap settlement, primarily because banks and traditional paym...
The number of block confirmations required before a swap completes varies by blockchain, typically ranging ...
You can safely walk away from your computer and do anything else that does not require you to access the co...
A swap already in progress does not fail due to congestion. It simply waits for confirmation on the sending...
If a swap is left unfinished overnight or over a weekend, it will continue automatically once the required ...
A swap confirms quickly when both the source and destination blockchains are processing few transactions re...
The estimated time on a swap quote is shown as a window because no one can predict exactly when a blockchai...
A capital gain or loss in crypto is triggered only when you dispose of an asset. Holding coins does nothing...
You have traded crypto. Now tax season arrives. The question is simple: file yourself with software, or pay...
The IRS has made its position clear: staking rewards, airdrops, and mining income are taxed as ordinary inc...
The Tax Cuts and Jobs Act of 2017 changed Section 1031 like-kind exchange rules significantly. For tax year...
Tax-loss harvesting is a straightforward strategy with a precise window: you sell assets that are worth les...
A tax lot is a single purchase of cryptocurrency recorded with a specific date, quantity, and price. When y...
Tax season never ends for crypto traders. Every swap, every airdrop, every liquidity pool deposit can be a ...
Crypto tax software promises to automate a messy process. In practice, sync failures and import errors are ...
The short answer is no. Wash sale rules under Section 1091 of the Internal Revenue Code apply to securities...
The decentralized finance world moves fast. Tax rules move slow. That gap creates real ambiguity for anyone...
Donating cryptocurrency that you've held for more than a year can deliver a double tax benefit. You avoid p...
If you hold cryptocurrency on a foreign exchange, you may have two separate filing obligations with the U.S...
The cost basis method you choose determines how much tax you pay when you sell crypto. Different methods as...
Form 8949 and Schedule D are the two IRS forms you use to report capital gains and losses from crypto trans...
If you hold or trade cryptocurrency, the IRS has several ways to get your attention. One of them is a lette...
The short answer is yes. The IRS has built a sophisticated toolkit for following crypto transactions across...
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You receive about at . Exchange reference .
Status: waiting for your deposit
You send from your own wallet straight to the exchanger — nothing to connect, no account, and you stay on this page throughout. Rates are indicative until a swap is opened.
The swap is carried out by an independent exchanger and the deposit address above is theirs. babybuilder.xyz never holds, receives or controls your funds, has no key to that address, and earns a referral commission. Opening a swap sends your receiving address, IP, browser and timezone to the exchanger for their compliance checks; we store none of it. Check their terms, fees and country restrictions before sending anything.
If someone gives you cryptocurrency as a gift, you generally do not owe tax when you receive it. You owe capital gains tax only when you later sell, trade, or spend the gifted crypto. The cost basis you use to calculate that gain depends on whether the giver held the crypto as a capital asset, how l
The IRS can audit crypto transactions going back at least six years, and in cases of suspected fraud, there is no time limit. Audits are triggered by red flags in your tax return that the IRS’s automated systems catch: unreported income, mismatched reporting between exchanges and your return, large
If you filed a tax return that omitted crypto income, you can correct it by filing an amended return using IRS Form 1040-X. The process is straightforward for most taxpayers, but the steps and consequences depend on whether the omission was an honest mistake, how much income was involved, and how mu
The short answer is: no, gas fees paid to execute a crypto transaction are generally not directly deductible as a separate expense. Instead, they are treated as part of the cost basis of the asset you acquire or as an adjustment to the proceeds when you sell. This means gas fees affect your capital
If your crypto exchange records are gone, you can still reconstruct and prove your cost basis - the original value you paid for an asset - using any combination of your own transaction history, blockchain data, and third-party records. The IRS does not require a single document; it requires a reason
The short answer is that the IRS can still penalize you for failing to report any crypto trade, regardless of size. There is no minimum threshold that makes a small trade invisible or automatically forgiven. While the likelihood of audit for a single small trade is low, the potential consequences -
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Your trade happens inside the exchange's own ledger. Nothing touches the blockchain until you withdraw.
You swap from your own wallet. The transaction settles on the chain and you pay its fee.
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