According to Bryan Courchesne from DAIM and Saim Akif from Akif CPA, crypto tax regulations enable trading advantages like tax-loss harvesting and direct asset swaps between BTC and ETH without cash sales, but require diligent transaction tracking to avoid audits. Courchesne states that centralized exchanges such as Coinbase and Binance often provide incomplete tax summaries, forcing traders to manually track cost basis, while decentralized platforms lack reporting entirely. Akif notes that starting in 2025, wallet-level cost basis reporting will be mandatory, and IRS Form 1099-DA will debut in 2026, urging traders to use crypto tax software or specialists for accurate compliance and deduction optimization.