Search Results

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

September 26, 2022 - IRAs receive preferential tax treatment, so buying crypto in one may have tax advantages in the future. We introduce 5 leading IRA providers.

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

September 23, 2022 - Is staking ETH a taxable event? What about earning rewards? Get answers here.

September 20, 2022 - Everything you need to know about DeFi taxes, all in one place. Learn about taxes on crypto interest, staking, wrapped tokens, and more.

September 20, 2022 - NFTs have exploded in popularity among investors, artists, and gamers. But do you know how they're taxed? Learn more.

September 12, 2022 - 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.

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.

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.

September 12, 2022 - Players are making significant income on Axie Infinity. Learn how to report Axies on your play to earn taxes.

September 12, 2022 - In this five-step guide, we outline how to report cryptocurrency on taxes and file crypto tax forms, such as Form 8949.

September 12, 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.

September 8, 2022 - By reporting your crypto losses on your taxes, you can potentially lower your tax liability by claiming deductions or offsetting your income. Learn more.

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

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.

September 8, 2022 - Spain is cracking down on crypto tax enforcement. Learn what you need to know to comply with existing tax guidance.

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

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.

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.

September 8, 2022 - There’s a lot of uncertainty about how DAOs are taxed—and how they might be taxed in the future. Learn more.

September 8, 2022 - Filing crypto taxes with TurboTax? Learn how to import your Form 8949 from TokenTax and report your crypto capital gains tax.

September 8, 2022 - Learn how cryptocurrency is taxed and how to pay your crypto taxes in the U.K., as per HRMC rules and guidelines.

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

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.

September 8, 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.

September 8, 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.

September 8, 2022 - The German tax code is friendly to cryptocurrency, but some transactions are still taxable. We outline what you need to know.

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.

September 8, 2022 - There are no capital gains taxes in the Netherlands, but a yearly wealth tax is imposed on assets. Learn more.

September 8, 2022 - How are crypto airdrops and hard forks taxed? And when are they taxable? Find out the answers and more.

September 8, 2022 - Crypto assets are taxable in Australia. Learn more about how to report crypto on your tax returns.

September 8, 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.

September 8, 2022 - NFT tax loss harvesting poses several unique challenges. Learn more about how to lower your taxes by selling NFTs held at a loss.

September 8, 2022 - Several states have announced intentions to apply sales tax to NFTs. We outline what's known so far.

September 8, 2022 - At year’s end, or during market dips, crypto tax harvesting can help you use losses to lower your taxes.

September 8, 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.

September 7, 2022 - If you're trading crypto on Coinbase, will you eceive a 1099? Read more to find out more about crypto tax reporting.

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.

September 2, 2022 - New to personal finance? We offer a crypto-friendly intro to taxes, retirement savings, credit building, and more.

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.

August 19, 2022 - The IRS prohibits wash trading for financial securities—but is there a wash sale rule for crypto? Learn more.

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

August 17, 2022 - Different cost basis accounting methods can result in different capital gains totals. Find out more about the FIFO, LIFO, HIFO, and Minimization methods.

August 17, 2022 - 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.

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.

August 16, 2022 - Thinking about getting a crypto loan or earning interest? Read more about how crypto lending works and which 7 platforms we're excited about in 2022.

August 16, 2022 - What's on the horizon for crypto tax? We weigh in on which issues will continue to shape the crypto tax landscape for years to come.

August 1, 2022 - South Africa is increasing crypto regulation, but tax guidance is still limited. Read what we know for sure.

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.

July 28, 2022 - We outline how to calculate your crypto capital gains tax, including tracking crypto transactions, choosing an accounting method, and finding your cost basis.

July 21, 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.

July 21, 2022 - Terra Luna crashed. We go over options for reporting losses on your crypto taxes.

July 20, 2022 - In the crypto bear market, there are several tax strategies you can use to save money. Read more.

July 7, 2022 - Automated cryptocurrency bots are a popular tool. Read our recommendations about which bitcoin bot strategies and platforms might be best for you.

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.

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

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

May 5, 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.

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.

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.

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

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.

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.

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.

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.

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.

April 8, 2022 - Earn cash or crypto with TokenTax’s crypto affiliate program. Learn how to create a TokenTax referral link to earn money.