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nirholas
nirholasCOMMUNITY
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crypto-tax-basics

Identify taxable crypto transactions and classify gains, losses, and income.

5|Updated May 2, 2026
Search Tags:#record keeping#cryptocurrency#defi#cost basis#taxable events#tax-loss harvesting#taxation
One-click install
npx skills add https://github.com/nirholas/three-ui --skill crypto-tax-basics-nirholas
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: crypto-tax-basics
Source: https://github.com/nirholas/three-ui/tree/main/data/skills/portfolio/crypto-tax-basics
Command: npx skills add https://github.com/nirholas/three-ui --skill crypto-tax-basics-nirholas

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

It helps users make sense of what crypto actions are taxable, how gains and losses are calculated, and what records to keep so they can prepare for tax reporting with fewer mistakes.

Core Features & Use Cases

  • Taxable Events Map: Explains which common crypto transactions typically trigger taxes, including swaps, purchases, staking rewards, and DeFi yield.
  • DeFi Tax Considerations: Covers lending/borrowing, liquidity provision, impermanent loss, liquidations, and rebasing tokens at a practical level.
  • Cost Basis & Strategy: Compares FIFO, LIFO, HIFO, and specific identification, and outlines tax-loss harvesting and year-end planning.
  • Record Keeping & Tools: Lists what details to track for each transaction and suggests tax tracking tools (e.g., Koinly, CoinTracker).

Quick Start

Use the crypto-tax-basics skill to explain whether a described set of crypto trades, swaps, staking, and DeFi actions are typically taxable and what cost-basis method and records the user should apply.

Frequently Asked Questions about crypto-tax-basics

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
What cryptocurrency transactions are considered taxable events?▼

Taxable events for cryptocurrency transactions typically include selling for fiat, token swaps, using crypto for purchases, and earning staking or DeFi yield rewards.

How do DeFi lending and liquidity provision affect my crypto taxes?▼

DeFi activities like lending, borrowing, liquidity provision, and rebasing tokens often trigger taxable events depending on how gains, losses, and yield income are classified.

Which cost basis method should I use for calculating crypto gains?▼

Calculating crypto gains requires choosing a cost basis method like FIFO, LIFO, HIFO, or specific identification to determine your profit or loss for tax reporting.

How do I calculate tax-loss harvesting for cryptocurrency?▼

Tax-loss harvesting for cryptocurrency involves strategically selling assets at a loss to offset capital gains, which requires tracking detailed transaction cost basis records.

What transaction details do I need to keep for crypto tax reporting?▼

Record keeping for crypto tax reporting requires tracking transaction dates, amounts, cost basis, and fair market value for every taxable event across your wallets.

Can I use crypto tax tracking tools like Koinly or CoinTracker for my records?▼

Crypto tax tracking tools like Koinly and CoinTracker help automate record keeping by aggregating transaction history and calculating gains across different cost basis methods.

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