Search Results

66 results

How To Report Crypto on TurboTax

January 27, 2023 - Filing crypto taxes with TurboTax? Learn how to import your Form 8949 from TokenTax and report your crypto capital gains tax.

How to Report Crypto Losses on Your Taxes

January 26, 2023 - Reporting crypto losses to lower your tax liability can be tedious. In this article you will learn about income deduction, offsetting capital gains, and tax-loss harvesting. These methods of claiming crypto losses on your 2022 tax return will allow you to carry losses forward to future tax years.

Best 11 crypto trading bots for 2023

January 18, 2023 - This post teaches you all about crypto trading bots with our expert’s top 11 choices for 2023 with reviews, so you can select the best crypto trading bot for you.

A Simple Guide to Stablecoin Taxes for 2023

January 18, 2023 - Stablecoins like DAI, USDC, and USDT, are often pegged to a fiat currency like the U.S. dollar. Here's how these crypto assets are taxed.

Best Crypto Lending Platforms for 2023

January 17, 2023 - This post teaches why and how to find a crypto loan and reviews some of the best crypto loan platforms on the market today, with pros and cons for each.

Crypto Tax Rates by Income Bracket (2023)

January 6, 2023 - How much is cryptocurrency taxed? Your crypto capital gains tax rates depend on your income level and how long you held the cryptocurrency. Find out more.

Does Coinbase Report to the IRS?

December 29, 2022 - Get answers to if and how Coinbase will report to the IRS for the 2022 tax year, which tax documents are involved, and more.

How to Calculate Your Crypto Taxes for Gains and Losses

December 29, 2022 - Learn how to calculate crypto gains with this brief but comprehensive breakdown of key points around crypto taxes.

The 2022 Essential Guide to Crypto Tax-Loss Harvesting

December 29, 2022 - If you tax-loss harvest crypto at the end of the tax year or during market dips, you can reduce your tax liability and save money on your 2022 tax return. Follow the steps in this comprehensive guide to get started!

Intro to Crypto Estate Planning

December 28, 2022 - Crypto assets can be a burden for the executor and beneficiaries of an estate. Find out how to streamline the process with your crypto estate planning.

The TokenTax Cryptocurrency Affiliate Program

December 28, 2022 - Earn cash or crypto with TokenTax’s crypto affiliate program. Learn how to create a TokenTax referral link to earn money.

Intro to NFT Tax Loss Harvesting

December 28, 2022 - NFT tax loss harvesting poses several unique challenges. Learn more about how to lower your taxes by selling NFTs held at a loss.

6 Best Crypto Debit Cards

December 28, 2022 - Crypto debit cards make it easy to use crypto for everyday transactions. We introduce top card providers and discuss what crypto debit cards mean for taxes.

Guide to Crypto Taxes in Japan

December 28, 2022 - Japan has very high tax rates on cryptocurrency—up to 55%. Learn about Japan's crypto tax policies and the importance of keeping thorough records.

Guide to Crypto Taxes in India

December 28, 2022 - Wondering how cryptocurrency is taxed in India under the new laws? Look no further; in this guide we outline how Indian crypto taxes work.

Guide to Crypto Taxes in the Netherlands

December 28, 2022 - There are no capital gains taxes in the Netherlands, but a yearly wealth tax is imposed on assets. Learn more.

Guide to Crypto Taxes in Germany

December 28, 2022 - The German tax code is friendly to cryptocurrency, but some transactions are still taxable. We outline what you need to know.

Guide to Crypto Taxes in Canada

December 28, 2022 - Canada has very different tax treatment for business and personal crypto transactions. Learn more about each category.

Guide to Crypto Taxes in Spain

December 28, 2022 - Spain is cracking down on crypto tax enforcement. Learn what you need to know to comply with existing tax guidance.

Guide to Crypto Taxes in the United Kingdom

December 28, 2022 - Learn how cryptocurrency is taxed and how to pay your crypto taxes in the U.K., as per HRMC rules and guidelines.

Guide to Crypto Taxes in Australia

December 28, 2022 - Crypto assets are taxable in Australia. Learn more about how to report crypto on your tax returns.

How are DAOs Taxed?

December 28, 2022 - There’s a lot of uncertainty about how DAOs are taxed—and how they might be taxed in the future. Learn more.

How to Report Crypto On Your Taxes: 5-Step Guide

December 21, 2022 - Ensure accuracy when reporting crypto taxes by including all crypto earnings and other crypto taxable events on your tax Form 8949, Form Schedule D, and Form 1040. Learn how to file crypto taxes step-by-step with our comprehensive guide.

Tax Tips for Surviving Crypto Winter 2022-2023

December 16, 2022 - In the crypto bear market, there are several tax strategies you can use to save money. Read more.

NFT Sales Taxes

December 15, 2022 - Some states have implemented sales taxes for NFTs and other digital assets, while others have not. Because NFT marketplaces such as OpenSea cannot source and collect sales tax, the onus of collecting sales taxes may fall on NFT traders.

What the Terra Luna Collapse Means for Your Crypto Taxes

December 15, 2022 - Terra Luna crashed. We go over options for reporting losses on your crypto taxes.

Does the Wash Sale Rule Apply to Crypto?

December 15, 2022 - Crypto wash sales are still technically allowed, but recent federal regulations are closing the loophole. Learn safe ways to harvest crypto tax losses.

The Essential NFT Tax Guide for Creators and Investors

October 19, 2022 - NFTs have exploded in popularity among investors, artists, and gamers. But do you know how they're taxed? Learn more.

Are There Crypto Airdrop Taxes?

October 18, 2022 - New platforms or NFT collections often use airdrops to attract or reward users. If you receive tokens in an airdrop, are they taxable? Find out more.

How are Crypto Hard Forks Taxed?

October 18, 2022 - Crypto hard forks, like the Bitcoin fork, result in a new chain and new tokens. If you receive tokens in a hard fork, are they taxed?

Guide to Crypto Taxes in South Africa

October 18, 2022 - South Africa is increasing crypto regulation, but tax guidance is still limited. Read what we know for sure.

How is Cryptocurrency Taxed?

October 18, 2022 - Is crypto taxed? If so, what is a taxable event? How much is crypto taxed? We answer these questions in our guide to how the IRS taxes crypto in the U.S.

Crypto Tax Glossary: Terms for Beginners

October 18, 2022 - Whether you're new to taxes or new to crypto, we introduce the terms you'll need to know to get smart about filing crypto taxes.

Axie Infinity Taxes: What You Need to Know

October 18, 2022 - Players are making significant income on Axie Infinity. Learn how to report Axies on your play to earn taxes.

The Essential DeFi Tax Guide

October 18, 2022 - Everything you need to know about DeFi taxes, all in one place. Learn about taxes on crypto interest, staking, wrapped tokens, and more.

Are Ethereum Gas Fees Tax Deductible?

October 18, 2022 - If you’ve made a transaction on the Ethereum blockchain, you’ve paid gas fees. Learn how these fees may be able to offset your capital gains and income taxes.

Ethereum 2 Taxes After the Merge

October 13, 2022 - Is staking ETH a taxable event? What about earning rewards? Get answers here.

What If I Can't Pay My Crypto Taxes?

October 5, 2022 - If you aren't able to pay your tax liability in full, the IRS offers payment plan options. Find out more.

Crypto Accounting Methods: FIFO, LIFO, HIFO & More

September 30, 2022 - Different cost basis accounting methods can result in different capital gains totals. Find out more about the FIFO, LIFO, HIFO, and Minimization methods.

Guide to Estimated Quarterly Taxes for Crypto

September 26, 2022 - Should you be paying estimated quarterly taxes on your crypto earnings? Read our guide to find out.

Creating an LLC or Corporation for Crypto: Pros & Cons

September 12, 2022 - If you are trading, mining, or earning crypto, there could be benefits to creating a corporation or LLC for crypto. Learn more.

Intro to Crypto Mining Taxes

September 12, 2022 - Earnings from cryptocurrency mining are taxed as income in the United States. Learn more about how to report profits and what expenses might be deductible.

Can You Write Off Crypto Hacks?

September 8, 2022 - Crypto hacks, scams, and rug pulls happen. Find out what reporting options you have if you're affected.

What to Expect from a Crypto Tax Audit

September 8, 2022 - What kind of information do crypto tax audits look for? We outline some of the most common questions asked in IRS and CRA crypto tax audit letters.

Tax on Crypto Margin Trading

September 8, 2022 - If you're crypto margin trading or lending, read more for info on which transactions may be taxable events.

What is a Crypto John Doe Summons?

September 8, 2022 - Recently, the IRS won John Doe summonses for several major crypto exchanges. We explain what this summons is and what it might mean for you.

How to File a Tax Extension

September 8, 2022 - If you're not finished filing after the tax deadline, you can file an extension or have your crypto tax professional do it for you. Learn the process.

Do I Need to Pay Crypto Self-Employment Taxes?

September 8, 2022 - What is self-employment tax and when do crypto traders need to pay it? Learn more.

FBAR for Crypto: When and How to File

September 8, 2022 - If you're a U.S. trader and have traded on internationally based exchanges like Binance, you may need to file an FBAR. Find out more.

Crypto Gambling Taxes in the U.S.

September 8, 2022 - Crypto gambling sites have so far been able to side-step most regulation, but U.S. bettors must still report crypto gambling taxes. Learn more.

Tax Deductions for Crypto Donations

September 7, 2022 - Donating crypto can provide significant tax savings, but the IRS’s reporting requirements can be tricky. Learn more about filing deductions here.

Forms 1099 for Cryptocurrency: A Guide

August 25, 2022 - Don’t panic if you’ve received a Form 1099-MISC, 1099-B, or 1099-K for bitcoin from a crypto exchange. Learn what these forms mean for your crypto taxes.

How to Reduce Your Crypto Taxes

August 17, 2022 - We're often asked how investors can minimize their crypto tax bill. Here are our top 5 tips.

Crypto-Friendly States: Which Are Best for Your Taxes?

August 16, 2022 - Some U.S. states and territories are more friendly to crypto taxpayers than others. Learn how where you live can lower your tax liability.

6 Crypto Tax Headaches and How to Avoid Them

August 1, 2022 - Did you hit roadblocks while reporting your crypto taxes? We list some of the most common challenges and what you can do to avoid them next year.

IRS Letters 6173, 6174, and CP2000 and Crypto Assets

June 23, 2022 - Did you receive an IRS Letter 6173, 6174, or 6174-A or a CP2000 notice for your crypto taxes? Learn what these letters mean and what actions you need to take.

How To Find a Crypto Tax Accountant

June 15, 2022 - Do you need a crypto tax accountant? Learn the questions to ask when evaluating cryptocurrency CPAs.

Does Crypto.com Report to the IRS?

May 20, 2022 - Have you traded on Crypto.com? You may be receiving a crypto 1099. Learn more.

Does Binance Report to the IRS?

May 3, 2022 - Because Binance no longer serves U.S.-based traders, the exchange does not report to the IRS. Learn more about reporting Binance taxes here.

How Crypto Gifts Are Taxed

May 3, 2022 - Crypto tax can get a little tricky when it comes to gifts. We explain how taxes work for both giving and receiving gifts of cryptocurrency.

501(c)(3)s Accepting Crypto Donations for Ukraine

April 28, 2022 - Here's a list of IRS 501(c)(3) charitable organizations providing aid to Ukraine and accepting crypto donations.

The IRS Has Released New Crypto Tax Guidance

April 28, 2022 - In a new FAQ, the IRS has supplied new answers regarding cryptocurrency tax treatment for situations like crypto hard forks and air drops.

When Do I Need a Crypto Reconciliation Specialist?

April 28, 2022 - If you have a complex crypto trading history, missing cost basis errors, NFT mints, or DeFi tax data, a crypto reconciliation specialist can help.

Do Crypto Investors Need to Pay the NIIT?

April 28, 2022 - The net investment income tax (NIIT) is levied on those with investment income and gross income over a certain threshold. Does it apply to crypto? Read more.

Can I Deduct Crypto Tax Software from my Taxes?

April 28, 2022 - Individual taxpayers used to be able to deduct tax preparation fees, but this changed in 2018. Find out if you can still write them off.

Bittrex Shut Down in New York: How to get Your Trade Data

April 28, 2022 - Bittrex is shutting down NY operations. Learn how to get your trade data for taxes if you are a New York Bittrex user.

Let’s get started.

Check out our plans and pricing to find out which solution best meets your needs.

Review plans