Abdul | Crypto Tax

Crypto tax specialist. Ex-Big 4 Senior Tax Manager. I fix the messes software can't - DeFi, NFTs, 600k+ transactions reconciled. US · UK · DE

[Abdul | Crypto Tax @CryptoTaxWiz]

A client's Koinly said he made a huge gain on an NFT he never paid for.

He paid for it. Koinly just couldn't see it.

This is the Solana bidding problem, and it quietly costs people a lot of money

[Abdul | Crypto Tax @CryptoTaxWiz]

His gain went from "all of it" to the actual gain.

That's most of my job now. Ex-Big 4, 600k+ transactions in.

If your numbers look insane, they probably are.

[Abdul | Crypto Tax @CryptoTaxWiz]

A client's Koinly said he made a huge gain on an NFT he never paid for.

He paid for it. Koinly just couldn't see it.

This is the Solana bidding problem, and it quietly costs people a lot of money

[Abdul | Crypto Tax @CryptoTaxWiz]

So we did. Counted every SOL that left. Every SOL that came back. Found the gap.

Matched the gap to the bid that got accepted. Priced that SOL at market on that date.

That's the cost basis. It was always there, just not in the export.

[Abdul | Crypto Tax @CryptoTaxWiz]

@jonwu_ Facts. ‘Marketing’ is too broad to mean anything now 😅

[Abdul | Crypto Tax @CryptoTaxWiz]

@APompliano The shift from belief to code is real now👀

[Abdul | Crypto Tax @CryptoTaxWiz]

@puckrin That’s how bottoms turn into tops 👀

[Abdul | Crypto Tax @CryptoTaxWiz]

@waleswoosh Imagine explaining this to someone from 1990 😅

[Abdul | Crypto Tax @CryptoTaxWiz]

It’s not the big trades that get people.
It’s the small ones:
– airdrops taxed as income
– bridge transfers flagged as disposals
– “rebates” treated as income
Surprises are normal. Preparation isn’t optional.

#CryptoAccounting #CryptoTax

[Abdul | Crypto Tax @CryptoTaxWiz]

Crypto rewards consistency more than luck. Most people just don’t stay long enough to see it.

[Abdul | Crypto Tax @CryptoTaxWiz]

Most traders panic about Bitcoin’s price.
The real panic starts months later when they realize their exchange 1099 doesn’t cover half their transactions.

That’s the “crash” nobody talks about.

[Abdul | Crypto Tax @CryptoTaxWiz]

@Andercot It’s one of those things money can’t buy but everyone notices

[Aurum FSG (Crypto Tax Accounting Firm) @AurumFsg]

📊 Accounting has always been about trust. What changes is the tool in your hand.

From checkbooks to spreadsheets… now blockchains. Each generation had its system.
Today’s is faster, more global, and far more complex.

The question is: can your records keep up?
Blockchain may rewrite accounting, but clarity and compliance will always be the constants.

#BlockchainAccounting #CryptoTax #digitalfinance

[Abdul | Crypto Tax @CryptoTaxWiz]

Understanding tax rules is like learning poker.
The cards change, but if you don’t know the rules…
You’re just donating money to the table.

[Abdul | Crypto Tax @CryptoTaxWiz]

Will we see a “crypto passport”?
A new U.S.–U.K. plan aims to simplify cross-border crypto rules, but taxes may not travel as smoothly. Until details are clear, investors still need to track everything, everywhere.

#CryptoUpdate #GlobalFinance #CryptoTax #DigitalAssets

[Abdul | Crypto Tax @CryptoTaxWiz]

@hasufl That’s the balance we still haven’t figured out ,secure but not slow

[Abdul | Crypto Tax @CryptoTaxWiz]

@sayinshallah that’s usually when they decide to reverse

[Abdul | Crypto Tax @CryptoTaxWiz]

@Leooweb3 screenshots hit different when the profits never come😂