Category

Crypto Taxes

Cryptocurrency Tax Calculations - FIFO and LIFO costing methods explained

FIFO and LIFO costing methods explained. When calculating your capital gains and losses for your cryptocurrency transactions, you need to use a consistent costing method. The most conservative and universally accepted method in the world of cryptocurrency taxes is first-in-first-out (FIFO).

Crypto Taxes

April 17, 2019

How to Handle Cryptocurrency Mining on Your Taxes

Cryptocurrency received from mining is treated in two ways for tax purposes.This article breaks down each of these two taxable events and explains the implications of reporting your crypto and bitcoin mining transactions on your taxes.

Crypto Taxes

April 8, 2019

When Do You Owe Taxes on Your Bitcoin and Cryptocurrency?

This article breaks down taxable events and explains when you do or do not owe capital gains tax on your cryptocurrency transactions.

Crypto Taxes

April 4, 2019

Why Coinbase Can’t Provide Accurate Tax Information to Millions of its Users

This article breaks down why Coinbase taxes are so problematic and often times completely inaccurate for users

Crypto Taxes

March 20, 2019

6 Hacks to Decrease Your Crypto Tax Liability

This article walks through six strategies that can be used to decrease your crypto tax liability

Crypto Taxes

March 10, 2019

The Top 5 Mistakes Made When Doing Crypto Taxes

A list of the most common mistakes that we see made when doing crypto taxes

Crypto Taxes

February 18, 2019

Paying Taxes On Bitcoin - Everything You Need to Know

This guide walks through the fundamentals of paying taxes on Bitcoin and other cryptocurrencies

Crypto Taxes

January 5, 2019

How I Filed my Crypto Taxes in 20 Minutes Using CryptoTrader.Tax

I used CryptoTrader.Tax this year to automate the whole process. In this article, I am going to detail exactly how I filed my crypto taxes using the platform.

Crypto Taxes

December 15, 2018

FBAR Reporting Requirements for Cryptocurrency

Does the Report of Foreign Bank and Financial Accounts (FBAR) apply to Cryptocurrency? This is a popular question within the crypto tax community to which no one has a definite answer.

Crypto Taxes

October 21, 2018

Cryptocurrency Tax Laws - Here’s What You Need to Know

This article addresses the current state of cryptocurrency tax laws and outlines the most important elements that you need to be aware of as a market participant.

Crypto Taxes

October 16, 2018

What to do with your 1099-K from Coinbase, Gemini, or GDAX for crypto taxes

What do you do with your 1099-K that you received from Coinbase? This article addresses how to handle the necessary tax forms you need for your crypto taxes

Crypto Taxes

September 29, 2018

How to Handle Your Bitcoin and Crypto Losses for Tax Purposes

This article discusses how to handle your losses and the important things that you need to keep in mind for your crypto taxes.

Crypto Taxes

August 9, 2018

The 6 Things you need to know before going to a CPA for your Crypto Taxes

Crypto taxes are the ultimate Wild West right now. Here are six things that you should be aware of before forking over thousands of dollars to a CPA for your crypto taxes.

Crypto Taxes

June 12, 2018

What to Do If You Forgot to Report Your Crypto Trades On Last Year's Tax Return

A lot of crypto investors and traders are nervous about winding up with an audit and tax bill years down the road that they can't afford. The best solution to this is to simply be proactive.

Crypto Taxes

June 3, 2018

5 Tips For Calculating Your Cryptocurrency Taxes

There are a number of things to keep in mind when you are calculating your cryptocurrency taxes. Buying cryptocurrency with USD is not considered a taxable event.

Crypto Taxes

April 24, 2018

Crypto Taxes: Common Questions Answered

The most commonly asked crypto tax questions all answered in one place.

Crypto Taxes

March 10, 2018

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