IRS Form 4564 and Crypto Taxes: Why Reporting Feels So Confusing Right Now

IRS Form 4564 and Crypto Taxes: Why Reporting Feels So Confusing Right Now

April 14, 2026 · 7 min · Season 4

About this episode

Clinton Donnelly explains the complexities of IRS Form 4564 in relation to crypto tax reporting and audits.

What is IRS Form 4564, and why is it showing up in crypto audits? In this episode, Clinton Donnelly explains how IRS audits begin, what Form 4564 is asking for, and how it connects to 1099-DA reporting and Form 8949. More importantly, he breaks down why crypto tax reporting feels so confusing right now. It’s not just taxpayers struggling. Tax preparers are trying to interpret incomplete data, and even IRS auditors are working through how these forms apply in practice. If your numbers don’t match or your reporting feels unclear, this episode explains why.

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