Taxooor answers

Every answer below is aimed at a question people measurably search for, is written from named sources, and links to the page that handles the job itself. None of them is a landing page in disguise.

Seven questions US and UK crypto holders actually type, answered the same way every page on this site is: with the tax authority's own sentence, the page it sits on, and the date it was read. Three of the seven are answered mainly by what the guidance does NOT say: DeFi, wash sales and cost basis method are absences in the IRS pages read here, and those are recorded with the page named rather than filled in from somewhere else, because a blank in a tax table reads as “no tax” and that is the failure this index exists to prevent.

• Crypto taxes, answered in the IRS's own words

  What the IRS itself says about selling, swapping, spending, staking, mining, airdrops and losses, each one quoted with the date it was read.

• Can you write off crypto losses: the sentence the IRS published, and the one it did not

  The IRS FAQ recognises a loss on a sale and limits it in the same sentence. What that clause says, and what the guidance leaves unanswered.

• DeFi taxes: a recorded absence in the US, a manual section in the UK

  Neither IRS page read here uses the words DeFi or decentralised finance. HMRC's manual has a section on it. What each one does and does not say.

• Crypto cost basis: what the published answers settle, and what they refer out

  The IRS FAQ defines cost basis outright, lets you pick the units you sold, and defaults to FIFO if you do not. The three answers, quoted.

• Crypto wash sale: a question the guidance in this ledger does not answer

  Neither IRS page read here addresses the wash sale rule for digital assets. What they do say about losses, and how the UK 30-day rule differs.

• Tax loss harvesting crypto: which parts the IRS has actually written down

  No authority publishes a harvesting strategy. The four published IRS rules any such strategy rests on, quoted, with the two gaps named.

• Crypto tax software UK: the output HMRC's own guidance asks for

  HMRC names two reporting routes and a 30-day rule that changes the arithmetic. The output any UK tool has to produce, quoted from the guidance.

• HIFO vs FIFO: the IRS FAQ names one of these two, and it is not HIFO

  The IRS FAQ read for this site names FIFO as the fallback and permits specific identification. It never uses the word HIFO. Here is what each page says.

• HIFO cost basis: the four records the IRS FAQ asks for before any unit choice stands

  HIFO is a way of picking units. The IRS FAQ read here never names it, and sets four records that must exist before any unit identification counts.

• What is a digital asset for tax purposes: the definition the IRS published, quoted

  The IRS digital assets page carries a definition, three examples and a classification. All three are quoted here with the date the page was read.