<p>DeFi protocols running on decentralized exchanges are not reported to the IRS. DeFi investments on centralized exchanges (Nexo, Kraken, Coinbase, etc) would be reported to the IRS annually. All income whether reported to the IRS or not should be reported on your tax return.</p>
<p><a href="https://www.cryptotaxaudit.com/" target="_blank">CryptoTaxAudit</a></p>


DeFi protocols running on decentralized exchanges are not reported to the IRS. DeFi investments on centralized exchanges (Nexo, Kraken, Coinbase, etc) would be reported to the IRS annually. All income whether reported to the IRS or not should be reported on your tax return.
CryptoTaxAudit

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