@crypto.cpa: Missing transaction histories, shut-down centralized exchanges, lost API keys, and un-tracked self-custody wallets create massive data gaps in crypto tax accounting. When historical acquisition data is missing, tax software defaults your acquisition cost to $0, treating every dollar of gross sale proceeds as 100% taxable gain. Under IRS regulations and IRC Section 1012, missing records do not relieve you of the burden to substantiate your acquisition cost basis. To fix this data gap, you must perform a formal cost-basis reconstruction using on-chain block explorers, bank deposit statements, trade confirmations, and secondary accounting evidence under established legal doctrines (like the Cohan Rule). Reconstructing your historical sub-ledger establishes a defensible, multi-year cost basis, preventing automated Form 1099-DA mismatch flags and protecting up to 99% of your portfolio from overpaid capital gains taxes. Contact our crypto tax and accounting team today to secure a clean, professional data reconciliation! Email: [email protected] Phone: (713) 451-9700 #Crypto #Tax #1099DA #CapitalGains #Accounting #Taxadvisory #CryptoCPA

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