Crypto tax AMA - answering Binance tax questions (1099-DA, staking rewards, etc.)

Hey Binance group,

Tax season is here (whether we prefer it or not) and we're seeing confusion about 1099-DA varieties, how staking rewards get reported, and tax implications normally.

I'm Cameron, co-founder and CPA at Darien Advisors. We've helped 800+ shoppers (traders, validators, DAOs, protocols) and figured I'd answer any tax questions you may need here.

Widespread points we noticed so removed from our shoppers:

• Confusion about what Binance's 1099-DA truly covers
• Individuals considering if it's on the 1099 they're executed (not true when you used other platforms or DeFi apps)
• Value basis issues when transferring between Binance and different exchanges
• Questions on how staking rewards get taxed in Binance.US.

What I may help with:

• Tips on how to properly report your Binance exercise
• What to do if value basis is missing (or fallacious)
• How Binance earn/staking/versatile financial savings get taxed
• Reconciling Binance knowledge with different exchanges and wallets
• Widespread mistakes individuals make with Binance reporting

What I gained't do:

• Present particular tax advice without figuring out your full state of affairs

Simply right here to assist btw. Drop your questions under and I'll reply what I can. ????

If it's too particular/complicated for a Reddit remark, be happy to DM.

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Disclaimer: Whereas I'm a registered CPA, this is not private tax advice. Guidelines differ by state of affairs/jurisdiction.