translated article in markdown format

We must translate title, summary, and the article content (including HTML tags?). The original article includes HTML tags like

,

,

,
• ,

  , etc. We should translate the text but keep the HTML tags? Likely we keep the same HTML structure but translate the content inside tags. The instruction: "translated article in markdown format". The original is HTML, but we can output markdown? It says "translated article in markdown format". So we should convert the HTML to markdown? Or keep as markdown but we can keep HTML inside markdown? Usually markdown can contain HTML. Safer to keep the same HTML tags but translate the text. The instruction says markdown format, but we can output HTML as it's also valid markdown. We'll translate the visible text.
  
  We need to ensure summary under 160 Chinese characters. Let's craft summary: "了解加密货币交易者和联盟成员如何遵守税务申报规则、避免处罚，并采用最佳实践进行准确记录。" Count characters: Let's count: 了解(2) 加密货币(4) 交易者(2) 和(1) 联盟成员(3) 如何(2) 遵守(2) 税务申报规则、(4) 避免(2) 处罚，(2) 并(1) 采用(2) 最佳实践(3) 进行(2) 准确记录。(4) plus spaces? Chinese characters count ignoring spaces. Let's count: 了解2, 加密货币4 =>6, 交易者2=>8, 和1=>9, 联盟成员3=>12, 如何2=>14, 遵守2=>16, 税务申报规则4=>20, 避免2=>22, 处罚2=>24, 并1=>25, 采用2=>27, 最佳实践3=>30, 进行2=>32, 准确记录4=>36. So 36 characters, well under 160.
  Title translation: "加密货币交易者及联盟成员税务申报指南". Could be "加密货币交易者及联盟成员税务申报指南". That's fine.
  Now translate article content. We'll keep HTML tags but translate inner text.
  We need to translate headings, paragraphs, list items, code block (the formula). Keep code block as is (it's generic). Also keep the pre/code block.
  Let's translate:
  Crypto Tax Reporting Guide for Traders & Affiliates
  => 
  加密货币交易者及联盟成员税务申报指南
  
  Cryptocurrency taxation can feel like a moving target, especially for active traders and affiliate marketers who earn rewards, referral bonuses, or staking yields. Missteps can lead to audits, penalties, or unnecessary tax bills. This guide breaks down the core requirements and offers practical, actionable steps to keep your crypto tax reporting accurate and stress‑free.
  
  Translate: "加密货币税务可能感觉像是一个移动的目标，尤其是对活跃的交易者和获得奖励、推荐奖金或质押收益的联盟营销者而言。失误可能导致审计、处罚或不必要的税单。本指南将核心要求拆解，并提供实用的、可操作的步骤，以确保您的加密货币税务申报准确且无压力。"
  Continue similarly for each section.
  We need to be careful with HTML entities like & remain.
  We'll translate all visible text.
  Let's do stepwise.
  Original content after title:
  Cryptocurrency taxation can feel like a moving target, especially for active traders and affiliate marketers who earn rewards, referral bonuses, or staking yields. Missteps can lead to audits, penalties, or unnecessary tax bills. This guide breaks down the core requirements and offers practical, actionable steps to keep your crypto tax reporting accurate and stress‑free.
  
  We translated.
  Next heading: 
  Understanding Your Tax Obligations
   => 
  了解您的税务义务
  
  Paragraph after: 
  In most jurisdictions, cryptocurrency is treated as property, not currency. That means every disposal—sale, trade, spend, or even gifting—triggers a taxable event. Key points to remember:
  
  Translate: "在大多数司法管辖区，加密货币被视为财产而非货币。这意味着每一次处置——出售、交易、花费甚至赠送——都会触发应税事件。以下是需要记住的要点："
  Then 
   items:
  
  Capital gains vs. ordinary income: Profits from buying low and selling high are usually capital gains. Income received as payment for services, mining rewards, staking yields, or affiliate referral bonuses is generally ordinary income.
  
  Translate: "资本利得 vs. 普通收入：低买高卖的利润通常属于资本利得。作为服务支付获得的收入、挖矿奖励、质押收益或联盟推荐奖金一般属于普通收入。"
  Next: 
  Holding period matters: Short‑term gains (assets held ≤ 1 year) are taxed at ordinary income rates; long‑term gains benefit from lower rates in many countries.
  
  Translate: "持有期很重要：短期收益（持有时间 ≤ 1 年）按普通收入税率征税；长期收益在许多国家可享受较低税率。"
  Next: 
  Reporting thresholds: Even if you didn’t receive a Form 1099‑K or similar, you must still report all taxable crypto activity on your annual return.
  
  Translate: "申报门槛：即使您未收到 Form 1099‑K 或类似表格，也必须在年度申报中报告所有应税加密货币活动。"
  Next heading: 
  Setting Up a Robust Tracking System
   => 
  建立健全的跟踪系统
  
  Paragraph: 
  Accurate records are the foundation of correct tax filing. Without them, you’ll struggle to prove cost basis or income amounts.
  
  Translate: "准确的记录是正确申报税务的基础。没有它们，您将难以证明成本基础或收入金额。"
  Next heading: 
  1. Choose a Dedicated Ledger
   => 
  1. 选择专用账本
  
   items:
  
  Use a crypto‑specific tax software (e.g., CoinTracker, Koinly, TokenTax) or a spreadsheet that logs:
  
  Translate: "使用专门的加密货币税务软件（如 CoinTracker、Koinly、TokenTax）或记录以下内容的电子表格："
  
  Then nested list items (they are 
   inside the same 
  ? Actually they are separate 
   without nested 
  . We'll translate each.
  
  Date and time of each transaction
   => "每笔交易的日期和时间"
  
  Type (buy, sell, trade, send, receive, earn)
   => "类型（买入、卖出、交易、发送、接收、获得）"
  
  Asset symbol and amount
   => "资产符号和数量"
  
  Fair market value in your local currency at the moment of the transaction
   => "交易当时的本地货币公平市场价值"
  
  Counterparty or wallet address (helpful for audit trails)
   => "交易对方或钱包地址（有助于审计追踪）"
  
  Next heading: 
  2. Capture Every Event
   => 
  2. 捕捉每笔事件
  
   items:
  
  Trades: Record both sides of the swap (e.g., BTC → ETH) as two separate events: a disposal of BTC and an acquisition of ETH.
  
  Translate: "交易：将互换的两边（例如 BTC → ETH）记为两个独立事件：处置 BTC 和获取 ETH。"
  
  Transfers between your own wallets: Not taxable, but still log them to maintain a clear chain of custody.
  
  Translate: "您自己钱包之间的转账：不征税，但仍需记录以保持清晰的托管链。"
  
  Affiliate earnings: Log the date you received the reward, the token amount, and its USD/EUR value at receipt. Treat this as ordinary income.
  
  Translate: "联盟收益：记录您收到奖励的日期、代币数量及其在收到时的美元/欧元价值。将此视为普通收入。"
  
  Staking, lending, and liquidity mining: Log rewards as they are earned; later disposals of those rewards are capital events.
  
  Translate: "质押、借贷和流动性挖矿：在获得奖励时记录；之后处置这些奖励属于资本事件。"
  
  Next heading: 
  3. Preserve Supporting Documents
   => 
  3. 保存支持文件
  
   items:
  
  Save exchange CSV exports, wallet transaction histories, and screenshots of affiliate dashboards.
  
  Translate: "保存交易所 CSV 导出、钱包交易历史以及联盟仪表板的截图。"
  
  Keep records for at least seven years (or longer if your local tax authority recommends).
  
  Translate: "保存记录至少 七年（如果当地税务机关建议更长时间，则应更长）。"
  
  Next heading: 
  Calculating Gains, Losses, and Income
   => 
  计算收益、损失和收入
  
  Capital Gains/Losses
   => 
  资本收益/损失
  
  For each disposal:
   => 
  对于每一次处置：
  
  Gain/Loss = (Sale Price in Fiat) – (Cost Basis in Fiat)
   (keep code block unchanged)
  
   items:
  
  Cost basis methods: FIFO, Specific Identification, or Average Cost (where allowed). Choose one method and apply it consistently; switching mid‑year can raise red flags.
  
  Translate: "成本基础方法：先进先出（FIFO）、特定识别或平均成本（在允许的情况下）。选择一种方法并始终如一地应用；年中更换可能会引起警示。"
  
  Fees: Include transaction and network fees in your cost basis (for acquisitions) or subtract them from proceeds (for disposals).
  
  Translate: "费用：将交易和网络费用计入成本基础（用于获取），或从所得款项中扣除（用于处置）。"
  
  Next heading: 
  Ordinary Income
   => 
  普通收入
  
   items:
  
  Affiliate payouts, mining/staking rewards, and airdrops are taxed at the fair market value on the day you receive them.
  
  Translate: "联盟付款、挖矿/质押奖励以及空投在您收到当天按公平市场价值征税。"
  
  If you later sell those tokens, any further appreciation/depreciation is a capital gain/loss based on the value at receipt.
  
  Translate: "如果您后来出售这些代币，任何进一步的增值或贬值将基于收到时的价值计为资本收益或损失。"
  
  Next heading: 
  Reporting for Traders
   => 
  交易者的申报
  
  Active traders often generate hundreds of transactions. Here’s how to streamline reporting:
  
  Translate: "活跃的交易者通常会产生数百笔交易。以下是如何简化申报："
  
   items: