Brokers are filing 1099-DAs with zero or missing cost basis for crypto that moved between wallets before the new rules kicked in. The IRS checks the gains reported on Form 8949 against that 1099-DA. No basis means the system treats the entire sale price as gain. Average overstated gain per trader: $4,500.

The Signal  — CPAs who fix the cost basis now save clients from overpaying taxes and getting an IRS notice. The client did not cause this problem. Exchanges did not track cost basis for crypto that moved before the new rules kicked in. The IRS flags the taxpayer anyway. The fix is a Form 8949 reconciliation and records showing when the client first bought the crypto. What to watch: March 15 is the deadline for amended returns. Run the cost basis check now, not after the IRS notice arrives.

Veltrix AI (veltrix.ai)

Veltrix tracks cash flow, margins and growth in one place using AI. It launched this week and is built for small finance teams that want real CFO-level reporting without the salary.

The wait is over. Whispers of Nystad is out now. A historical thriller where a coded letter can end a war. Follow Elsa across a frozen Baltic frontier as empires collide and every message carries a price. Available in paperback and ebook.

New tools and web apps are rolling out. See what's live and what is next.

Answer 16 questions about what you love, what you're good at, what the world needs and what you can be paid for. Nexairi Wayfinder maps the overlaps and tells you exactly what it means for your career.

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Jim Smart  ·  Founder, Nexairi

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