As the new year rings in we are seeing more prevalent IRS action within the crypto space. The IRS has identified a potential 75% non-compliance rate in crypto tax reporting and plans to remedy this through enforcement actions. They have already begun the first steps with the Kraken Jon Doe summons, 1099-DA roll out and other measures. As the taxpayer, you have a real conundrum on your hands; Self custody wallets don’t produce 1099s, centralized exchanges leave you subject to company failures such as FTX (not your keys, not your coins), and cost basis doesn’t transfer from one wallet or exchang…