Your Crypto Tax Experts
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Peer-to-Peer Crypto Transactions: Tax Implications Explained
Understanding Crypto Tax Crypto and Tax Definition and Classification of Cryptocurrencies Cryptocurrencies, often referred to as “Virtual Digital Assets” (VDAs), represent any digital information, code, or token that isn’t classified as a national currency. VDAs are a broad category encompassing various types of digital tokens and coins utilized in both transactions and investment scenarios. The…
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Crypto Taxes for Day Traders: Essential Guide
Crypto Tax Basics How Crypto is Taxed Cryptocurrencies are treated as property by the IRS, and this classification carries significant tax implications. Each transaction involving crypto—whether you are buying, selling,…
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Global Crypto Tax Laws: A Country-by-Country Comparison
Understanding Crypto Tax Cryptocurrency taxation is an evolving and multifaceted issue that national and international fiscal authorities grapple with as…
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CPAs and Crypto Tax Preparation: What You Need to Know
Cryptocurrency Taxation Fundamental Concepts Asset Classification: In the eyes of the Internal Revenue Service (IRS), cryptocurrencies are classified as property.…
Previous Posts
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Avoiding Crypto Tax Penalties: Key Tips
Taxable Events Types Understanding taxable events is crucial to avoid penalties with crypto taxes. The IRS views various activities involving…
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Reporting Stolen or Lost Cryptocurrency: Tax Considerations
Cryptocurrency Basics Cryptocurrency Basics Crypto as Property In the realm of tax reporting, the IRS has designated cryptocurrency as property…
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Crypto Airdrops and Forks: Tax Implications Explained
Overview As the world of cryptocurrency continues to burgeon, understanding the tax implications of various crypto events becomes increasingly critical.…
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Crypto Mining and Taxes: Essential Information
Taxation on Mining Income Ordinary Income When you successfully mine cryptocurrency, it is considered ordinary income. At the time you…
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Top Crypto Tax Deductions: How to Maximize Your Savings
Offset Gains with Losses Short-term vs. Long-term Understanding the distinction between short-term and long-term gains and losses is pivotal when…
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NFT Tax Implications: What You Need to Know
NFT Overview Digital Assets Non-Fungible Tokens (NFTs) are a revolutionary form of digital assets that have captured the imagination of…