[Verse 1] Sarah bought her Bitcoin back in twenty-twenty-two Uncle Sam says "crypto's property" - Notice twenty-fourteen twenty-one broke through Not currency but assets on your balance sheet tonight Every swap and every trade creates a taxable flight [Chorus] Form eighty-nine-forty-nine, track each gain and loss in line Ten-ninety-nine DA's coming twenty-twenty-five FIFO or specific ID, choose your method carefully Digital treasures, taxing measures, keep your records all alive [Verse 2] Staking rewards hit your wallet like a paycheck from the sky Ordinary income rates when those tokens first arrive Airdrops fall like golden rain but trigger tax today Hard forks split your holdings yet the guidance finds its way [Chorus] Form eighty-nine-forty-nine, track each gain and loss in line Ten-ninety-nine DA's coming twenty-twenty-five FIFO or specific ID, choose your method carefully Digital treasures, taxing measures, keep your records all alive [Bridge] NFT art pieces face collectible rates at twenty-eight percent maximum DeFi yields are shifting sands where regulations still are pendulum Broker rules are tightening down, exchanges must report your trades Cost basis calculations when the selling price cascades [Verse 3] Mark sold Ethereum he held since twenty-nineteen spring Specific identification lets him choose which coins take wing Pick the highest basis batch to minimize the bite Long-term capital treatment when you hold beyond one night [Chorus] Form eighty-nine-forty-nine, track each gain and loss in line Ten-ninety-nine DA's coming twenty-twenty-five FIFO or specific ID, choose your method carefully Digital treasures, taxing measures, keep your records all alive [Outro] Mining income, trading gains, staking yields and forking chains Property rules govern all your crypto tax domains
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