Most crypto investors only think about taxes in April. The ones who build real wealth think about them in May. Here's the move almost no one talks about: mid-year tax-loss harvesting. You don't have to wait until December. Right now — May — is one of the best times to audit your portfolio for positions sitting at a loss. You have 7+ months to reallocate before year-end, and markets have already moved significantly since January. As an EA, I see clients leave tens of thousands on the table every year simply because they didn't review their unrealized losses mid-year. Here's what to look for right now: → Any position worth less than what you paid? That's a harvestable tax loss. → Losses offset gains dollar-for-dollar before the IRS gets a cent. → No wash sale rule on crypto (for now) — you can sell and immediately rebuy the same coin. Tax Day just passed. That makes this the single best window to start planning for next April — before most people even think about it. What coin or position are you currently sitting on a loss in? Drop it below 👇 — Samuel Oduro, EA | Empower Capital | empowercapital.co

Cost basis. Every time. When the IRS reviews a crypto return, they go straight to one question: "Can you prove what you paid for this asset?" If you can't, they default to $0 — which means your entire sale proceeds become taxable gain. Here's what I see constantly as an EA: → Investor buys 1 ETH for $2,000 in 2023. Sells for $3,500 in 2025. → Actual gain: $1,500. Tax owed: $225 (at 15% LTCG rate). → Missing records? IRS assumes cost basis = $0. Tax owed: $525. → That's $300 extra in taxes — on a single trade. Multiply that across 50, 100, or 500 transactions and you see the problem. The fix is simple but most investors skip it: ✅ Export your full transaction history from every exchange you've used ✅ Choose your cost basis method (FIFO, HIFO, or specific ID) and stick to it ✅ Document it — not just in your head, but on paper the IRS can see After Big Four tax work at EY and PwC, this is still the #1 fixable mistake I see on crypto returns. Drop your question below 👇 — what exchange or wallet is giving you the most headaches with records? — Samuel Oduro, EA | Empower Capital | empowercapital.co

🚨 IRS ALERT — APRIL 16, 2026 A bipartisan bill called the PARITY Act was re-introduced in Congress last month and it could significantly change crypto tax rules for every investor in this community. Here's what's in the bill and what it means for you: • WASH SALE RULES COMING TO CRYPTO — The bill proposes closing the crypto wash sale loophole. Right now, you can sell crypto at a loss and immediately buy it back to claim the tax loss. If this passes, you'd have to wait 30 days before repurchasing, just like stocks. Tax-loss harvesting strategies would need to change. • STAKING REWARDS — POTENTIAL 5-YEAR DEFERRAL — Miners and validators could elect to defer taxes on staking rewards for up to 5 years OR until they sell the asset. If you earn staking income, this is significant relief. • STABLECOINS TREATED LIKE CASH — The bill would create a deemed-basis rule for regulated dollar-pegged stablecoins used for payments. Routine stablecoin transactions (like paying for goods or services) would no longer be taxable events. • WASH SALE TRADEOFF — The bill gives significant relief (staking deferral, stablecoin clarity) in exchange for closing the wash sale loophole. For most long-term investors, this is a net positive. My take as an EA: This bill is still in discussion draft form — it is NOT law yet. But it's bipartisan, which gives it real momentum. If you rely heavily on crypto tax-loss harvesting, now is the time to harvest losses BEFORE this potentially becomes law. Don't wait. Questions? Drop them below 👇 or book a free call: calendly.com/samuel-empowercapital/15min — Samuel Oduro, EA Empower Capital | empowercapital.co

🚨 IRS ALERT — APRIL 15, 2026 (TAX DAY) TODAY is the federal filing deadline for your 2025 crypto taxes. Here's what's different this year that EVERY crypto investor needs to know: • Form 1099-DA is real — this is the FIRST year every centralized broker (Coinbase, Kraken, Bybit, etc.) was required to file this form directly with the IRS for your 2025 transactions. • The IRS already has your data. They received 1099-DA forms BEFORE you filed your return. Every mismatch is now visible to the agency within weeks. • Cost basis reporting is still optional on 2025 forms — many 1099-DAs only show gross proceeds, not your actual gain/loss. You are still responsible for calculating and reporting your correct cost basis on Form 8949. • Starting 2027 (for tax year 2026), brokers MUST report cost basis too. The net is tightening. My take as an EA: If you received a 1099-DA and haven't filed, do it today or file a Form 4868 extension immediately. The IRS has a matched record of your activity. Gaps between what they have and what you report = audit risk. Questions? Drop them below 👇 or book a free call: calendly.com/samuel-empowercapital/15min — Samuel Oduro, EA Empower Capital | empowercapital.co