Crypto Tax Guide USA
This guide contains everything you need to know about how to calculate your crypto taxes for the 2024 tax year. It includes crypto tax brackets, crypto capital gains tax, how to report losses, and includes legal ways to lower your bill. Plus how to prepare yourself for some big changes to crypto taxes in 2025.
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Received a Form 1099-DA from OKX? Here's What to Do Next
OKX has started issuing Form 1099-DA to U.S. crypto traders for the first time. This quick guide explains what the new 1099-DA means, why you received it, what's missing from the form, and the exact steps you should take next to avoid overpaying on crypto tax.
Buy, Borrow, Die Strategy Explained: A Tax-Efficient Way to Use Capital
The Buy, Borrow, Die approach has long been used in traditional finance to preserve wealth, optimize taxes, and maintain exposure to appreciating assets. With the rise of crypto-backed lending, the same framework has become increasingly relevant for digital asset holders, making it accessible far beyond institutional circles.
Product Update: Polymarket and Monad support now live
Summ now supports Polymarket and Monad. Import your betting and transaction data via wallet address or CSV for complete tax reporting.
Summ Partners with CoinRabbit to Support Accurate Crypto Tax Reporting
We're proud to announce our new partnership with CoinRabbit, a crypto asset management platform with loan, earn, trade and save services whose users often engage in on-chain activity that can carry tax implications.
How Could Minnesota’s $9 Billion Fraud Crisis Have Been Prevented?
What Minnesota’s fraud crisis teaches about government accountability, and the systems that can improve transparency between taxpayers and government.
Venezuela's Economy After Maduro: Can "Freedom Money" Rebuild Venezuela?
In the wake of Operation Absolute Resolve, the traditional banking system of Caracas has effectively been paralyzed. Millions of Venezualans have embraced an alternative financial system, providing stability during the turmoil.
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Received a Form 1099-DA from PayPal? Here's What to Do Next
PayPal has started issuing Form 1099-DA to U.S. crypto traders for the first time. This quick guide explains what the new 1099-DA means, why you received it, what's missing from the form, and the exact steps you should take next to avoid overpaying on crypto tax.
How Lock Periods Prepare you for the Form 1099-DA Transition
Form 1099-DA is changing how crypto taxes are reported. Lock Periods lets you freeze past tax years while switching to per-wallet tracking for 2025, so you can comply with new IRS rules without altering previously filed returns.
Feature Spotlight: Lock Periods
Lock Periods lets you freeze past tax years while safely optimizing current ones. Lock historical data, experiment with accounting methods, and improve tax outcomes without risking previously filed reports.
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