I used to misunderstand: all transactions are on-chain, and at the end of the year, just send the wallet address to the tax software and that's it. Now I realize, honestly, the most frustrating thing isn't the tax rate, but "what exactly is this transaction"—transfers, token swaps, LP, airdrops, cross-chain, mixed together without notes, and then it's impossible to match up later.

My current simple method is: for every major operation (rebalancing, adding or removing liquidity, cross-chain), immediately take a screenshot + copy the transaction hash into a spreadsheet, and casually write a note in plain language; the exchange side exports statements on a fixed cycle, so don’t wait until the end of the year. Recently, the funding rates have been extremely volatile again, and the group is arguing whether to reverse or keep squeezing the bubble. I’m not in a rush to rush in, just keeping the records clean first… otherwise, the market won't cause losses, but the tax reporting will crush me first.