Year-end tax reporting basically comes down to: if you don't keep records, it will come back to haunt you... Now, every time I perform on-chain transactions, CEX trades, cross-chain transfers, or claim airdrops, I conveniently log the time, address/platform, txid, roughly the coin type and amount in a spreadsheet, and keep a screenshot as well. I’m too lazy to detail everything, but at least it matches up. In the past, I thought “I’ll fill it in later,” but later turned into a bunch of small swaps and fees that drove me crazy, especially when the same funds move back and forth between multiple wallets, and I don’t even know the cost basis anymore. By the way, I also find the NFT royalty debate quite thought-provoking—whether creators’ income should be protected, whether secondary liquidity should be smooth, everyone has their own opinion. But for someone like me who just wants to keep the transaction history clean... every “seemingly insignificant” on-chain operation ultimately needs an explanation. I’d rather do a few less steps than cause trouble at year’s end.

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