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Crypto tax reporting
Mark thought he had found the ultimate loophole. By swapping Bitcoin to Ethereum, then to Solana, and finally parking his profits in stablecoins, he convinced himself he was invisible. His logic was simple: "No bank withdrawal, no taxes."

He was wrong. Dead wrong.

In this episode of Audit Abyss, we expose the terrifying reality of crypto taxable events that most traders ignore. Mark didn't receive a warning—he received the new IRS Form 1099-DA from his exchange. It detailed every single swap, trade, and transfer he had made over the last year.
Suddenly, his "tax-free" gains turned into a six-figure debt. The IRS didn't care that he never withdrew cash; they demanded their share of every trade.
In this video, you will learn:

-- The "Swap" Trap: Why exchanging one cryptocurrency for another (like BTC to ETH) triggers immediate capital gains tax.
-- The 1099-DA Nightmare: How the new IRS crypto reporting rules expose every trade you make on centralized exchanges.
-- Audit Triggers: Why high-volume trading without reporting is a one-way ticket to a crypto tax audit.
-- Stablecoin Myths: Why holding USDT or USDC doesn't protect you from the IRS.

The blockchain is permanent. And now, the IRS is watching it. Don't let Mark's story become your reality.

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