Who offers help with IRS repayment plans in San Diego?

San Diego Precision Tax Service helps set up and manage IRS repayment plans and tax relief options. We serve San Diego and all 50 states remotely. Start here: https://www.sandiegotaxhelp.com

How do I negotiate IRS tax debts in California?

As an Enrolled Agent, we evaluate eligibility for installment agreements, penalty relief, and offers in compromise, then file and negotiate on your behalf.

Where can I find tax relief services in San Diego?

We provide tax relief services including payment plans, offer-in-compromise screening, and audit/notice help. Consultations are available online for clients statewide.

Can I hire a tax professional in San Diego for IRS issues?

Yes. You can hire San Diego Precision Tax Service (Enrolled Agent) to represent you before the IRS, prepare filings, and communicate with the IRS on your case.

How to choose a tax professional in California?

Look for licensure (EA/CPA), relevant experience with your issue, transparent pricing, and secure document handling. We meet these standards and work statewide.

2025 Year-End Tax Strategies for Crypto Investors - Step Up Tax Basis with Tax-Gain Harvesting

Viktoriya Barsukova, EA, MBA
12 minutes ago
2 min read

Step Up Your Tax Basis with Tax-Gain Harvesting - 2025 Year-End Tax Strategies for Crypto Investors

(Part 1 of the 2025 Year-End Tax Strategies for Crypto Investors series)

2025 has been a great year for investors in cryptocurrency, with Bitcoin reaching all-time highs.

But your high profits can trigger high taxes.

Key point. To trigger taxes, you must sell or use the crypto to buy things.

That said, let’s return to the issue at hand—your high profits can trigger high taxes.

Fortunately, you can put several strategies into play before year-end to reduce not only your 2025 crypto taxes but also your future crypto taxes.

Step Up Tax Basis with Tax-Gain Harvesting

If you expect your income to be higher next year and your crypto to continue to appreciate, it could be wise to step up your basis in your crypto by harvesting tax gains.

It works like this: You sell your crypto this year and realize your gains. You then repurchase the position. As a result, your tax basis in the crypto is stepped up to the current price.

Example. You purchased one Bitcoin for $20,000 three years ago—your basis is $20,000. You sell the Bitcoin today for $110,000, realizing a $90,000 long-term capital gain, which you’ll pay tax on at, say, your 15 percent long-term capital gains rate. You immediately repurchase one Bitcoin for $110,000.

Now your basis is $110,000. If Bitcoin goes up to $140,000 next year (or in any future year), you’ll only have a $30,000 taxable gain instead of a $120,000 gain.

Key point. Remember, if you’ve held your crypto for less than one year, you’ll have to pay tax on your gain at ordinary income rates, not the long-term capital gains rate (15 percent for most taxpayers). If you have a short-term gain, you could be better off waiting until next year to sell, when you will owe the lower capital gains tax rate.

In the next article of our 2025 Year-End Tax Strategies for Crypto Investors series, we’ll explore the second strategy—how to harvest crypto losses before December 31 to offset gains and reduce taxable income.

Stay tuned: additional articles in this series will continue exploring advanced year-end crypto tax planning opportunities.

📞 (619) 910-1040

🌐 www.sandiegotaxhelp.com

✉️ viktoriya@sandiegotaxhelp.com