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