US crypto rules have changed. Crypto is now tracked on a per wallet basis for purposes of calculating and reporting capital gains for US taxes.
For example, I have BTC I acquired in 2021 in my custodial wallet on Coinbase. I also have BTC I acquired in early 2025 in my custodial wallet on Kraken. I sold BTC in late 2025 from by Kraken custodial wallet.
In previous years, I could have considered my BTC part of a global pool, and reported long term capital gain on my taxes. Now, the acquisition and sale from Kraken are considered a short term capital gain.
I can’t find that any of the various PTA systems have an automatic FIFO calculation that can operate on a per wallet and per “crypto commodity” basis. While it is possible to do manual lot specification with some systems, it gets rather awkward.
I’m interested in how others might be dealing with this, and if one PTA handles this better than another.
Finally, just out of curiosity, is this requirement to aggregate crypto per wallet a US only requirement or are other countries facing a similar treatment and getting their own version of a 1099-DA?