Avery Sinclair
Dmitri has RSUs vesting and a fair amount of crypto activity. He is worried about double-counting.
3 waiting
Daniel Reyes
CPAEx-Big 4This is a continuous thread for all your tax needs. We strive to make your tax work effortless, and remain your lifelong tax partner.
September 28
September 29
Daniel Reyes
He is right to be. The classic error is paying tax twice on RSUs: the vest is already on his W-2, so the cost basis is the value at vest — but brokers frequently report $0 basis on the subsequent sale, and the return then taxes the whole proceeds again.
Send me both the W-2 and the broker statement and I will reconcile them rather than trust either.
Avery Sinclair
Exchange export attached too — about 1,400 transactions.
September 30
Daniel Reyes
1,400 is well within what we can process. Two notes:
The staking rewards are ordinary income at receipt, not at sale — that surprises people and it is the line most often missed.
And there are four wallet-to-wallet transfers in here that the exchange has flagged as disposals. They are not; moving your own coin between your own wallets is not a taxable event. I will strip those out.