Reconcile Cost Basis Before It Becomes Archaeology
Build a basic digital asset transaction record that supports later tax and accounting review.
Carlos bought 0.25 ETH for $600, later paid $18 in network fees to move it, and swapped 0.10 ETH into a stablecoin. He needs a record that a future reviewer can understand. Record the economic event, not just the wallet movement. The common shortcut is to export a wallet history and assume it explains basis, purpose, and tax treatment. It usually does not. Identify event type Tag the purchase as acquisition, the transfer fee as transaction cost evidence, and the swap as a potential disposal. Different event types answer different reporting questions. A buy, self-transfer, sale, swap, and income receipt…
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