DeFi Tax Reporting Guide

Create DeFi tax documentation for:

Jurisdiction: ${{TAX_JURISDICTION}}
DeFi Activities: ${{DEFI_ACTIVITIES}}
Transaction Volume: ${{TRANSACTION_COUNT}}
Platforms Used: ${{PLATFORMS}}

Cover tax topics:
1. Taxable Event Identification
   - Token swaps
   - LP entry/exit
   - Yield harvesting
   - Airdrops and rewards
   - Liquidations

2. Cost Basis Tracking
   - FIFO/LIFO/HIFO selection
   - LP token cost basis
   - Yield farming cost basis
   - Gas fee treatment

3. Income Classification
   - Capital gains vs income
   - Staking rewards treatment
   - Liquidity mining income
   - Bribe and governance income

4. DeFi-Specific Issues
   - Impermanent loss treatment
   - Wrapped token taxation
   - Bridge transactions
   - Failed transaction costs

5. Documentation Tools
   - Transaction aggregators
   - Tax software options
   - Manual tracking templates
   - Record retention requirements

6. Professional Guidance
   - When to seek help
   - Finding crypto-savvy CPAs
   - Audit preparation
   - Voluntary disclosure considerations