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Token-to-Token Swap as a Realization Event: IRC §1001 in Practice

by Noah Green CPA CFE | Apr 14, 2026 | Sheepdog Tax Digital Asset Tax Notes

A taxpayer who exchanges one digital asset for another, ETH for USDC on a centralized exchange, ETH for cbETH on a liquid-staking protocol, USDC for DAI through a decentralized exchange, or any of the dozens of similar transactions a typical wallet executes in a year,...

Wallet-Level Basis Under Rev. Proc. 2024-28: What Changed and What to Track Starting 2025

by Noah Green CPA CFE | Apr 7, 2026 | Sheepdog Tax Digital Asset Tax Notes

Rev. Proc. 2024-28 changes how digital-asset basis must be tracked for any taxpayer with units acquired in more than one wallet, exchange account, or custodial location. Starting January 1, 2025, basis is tracked wallet-by-wallet, not pooled across the...
Crypto Airdrops and Forks: Taxable or Not?

Crypto Airdrops and Forks: Taxable or Not?

by Noah Green CPA CFE | Aug 2, 2025 | Crypto Tax Learning Hub

Crypto Airdrops and Forks: Taxable or Not? Crypto airdrops and hard forks can feel like free money – but are they free from taxes? The IRS has issued guidance on both, but crypto moves fast, and the tax rules can feel blurry. Here’s what you need to know...
DeFi Taxation Explained: Staking, Lending, Wrapping & More

DeFi Taxation Explained: Staking, Lending, Wrapping & More

by Noah Green CPA CFE | Aug 2, 2025 | Crypto Tax Learning Hub

DeFi Taxation Explained: Staking, Lending, Wrapping & More If you’ve dabbled in DeFi, you might be sitting on a tax headache. From staking rewards to yield farming to wrapping tokens, the IRS is paying attention – and so should you. Here’s how your passive...
How to Report NFTs on Your 2025 Tax Return

How to Report NFTs on Your 2025 Tax Return

by Noah Green CPA CFE | Jul 4, 2025 | Crypto Tax Learning Hub

How to Report NFTs on Your 2025 Tax Return NFTs are more than just art – they’re taxable assets, and the IRS wants its share.Whether you created, bought, or sold NFTs in 2025, proper reporting is key to avoiding penaltiesand staying compliant.  When NFT Sales...
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