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Every year, by the time year-end rolls around, I end up regretting it: why didn’t I make sure my transaction records were kept a bit cleaner back then... I’ve learned my lesson now. If something can be exported, I export it regularly—exchange trades, deposits and withdrawals, and on-chain transfers—then I also label a few wallet addresses I commonly use, cross-chain transfers, and notes for transferring to friends that look “like a stream of transactions,” otherwise when it comes time to report, I’d really just sit there blankly staring at a pile of hashes.
I watch the mempool pretty closely, but oddly, the tax side is always a half-step behind—basically I only panic once the issue actually shows up.
Recently, I only came to understand those chain-game crashes with inflation + studios + a coin-price spiral collapse, and I only went back to check my records after everyone started complaining about it. Yeah, luckily I didn’t charge in recklessly back then, but records still have to be kept—so I don’t end up unable to explain things clearly later.
That’s it for now. Either way, it’s better to deal with the hassle now than to lose my mind at the end of the year.