Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we are joined by Micah Fraim, he is obsessed with crypto and NFTs and is involved daily as an investor and an accountant. Micah shares his expertise on navigating the digital asset investment rollercoaster we seem to be on and staying compliant with ever-changing regulations while still paying as little as possible on your taxes.
Welcome to the 126th episode of the Inside Crypto Podcast. This episode was recorded on December 22nd 2022. Today we talk about how to handle your crypto taxes in 2023. Thereβs still not much clarity when it comes to the rules but our guest does his best to give you some advice for where to start. Even if you are not living in the U.S, some of these rules can broadly apply to where you are located. Take some notes and enjoy!
Thanks everyone for listening and donβt forget to tune in later this week where we interview Hany Rashwan, CEO or 21co.
ππππ βπ πππ€:
0:00 - Intro
0:39 - Micah's Background
2:15 - His Crypto Tax Foundation
5:51 - Are Doing People's Crypto Taxes Still Very Niche?
8:24 - What Should You Do For Your 2023 Crypto Taxes?
11:30 - What About Staking Income?
15:29 - Defi Tax Issues
17:19 - Crypto Tax Program Suggestions
19:34 - NFTs And Your Taxes
25:34 - When Should You Approach Your CPA?
30:16 - When Should I Start Preparing?
31:16 - State (Local) Taxes?
32:56 - Finding The Right Person
35:27 - His Crypto Tax Book
37:32 - About The Book
40:07 - Micah's Final Words
42:35 - Outro