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
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