Latest Posts with Crypto taxes tag

Crypto taxes

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Cryptocurrency Taxes - Simplified

25 Apr 2021 5 minute read 6 comments Mynima

Introduction So I can imagine there were a lot of folks who recently participated in the FORTH token airdrop, I was one of these luck few and judging from the average payouts you can see that in some cases it was a substantial amount. While my first...

BTC Has Fallen By 18% In A Week, And Has Recently Fallen Below $50,000. Is There Any Bad News?

24 Apr 2021 4 minute read 0 comments Willson-Deng

Capital gains tax is not bad news for BTC, beware of “flops” in BTC On April 23, BTC fell below the psychological price of $50,000, and its market value also fell below the $1 trillion mark. I took a look at the online news about BTC in the last 24 h...

Sell what you bought high and BUY THE DIP! It's beneficial for your taxes.

20 Apr 2021 3 minute read 0 comments Username12

So everyone knows the market retracted a good bit, this comes as a shock to some and not at all to others.  Guess what, this is the perfect time buy more!  If you've bought higher than the current price, now's a great time to sell and buy back in.  A...

CoinTracking Is A Professional Portfolio Manager And An Essential Tool For Crypto Tax Reports

7 Apr 2021 3 minute read 17 comments Cryptonator`s

I have started with cryptocurrencies like most of us. I earned my first smaller amounts on the internet and at some point, I started buying and investing. In the beginning, I never thought about professionally tracking my portfolio because there was...

Why You Should Buy Tesla With Bitcoin

4 Apr 2021 5 minute read 54 comments AlucardLife

Elon Musk came out with the news that he would allow Tesla purchases to be made in BTC. He also stated that BTC would not be converted into fiat, but would remain BTC. All I heard after that were these fucking stupid #numbergoup idiots saying, "If yo...

US Tax Law and Cryptocurrency Part 4: Gift Taxes

26 Mar 2021 4 minute read 2 comments Phul

Making this thumbnail may have gotten slightly out of hand, but it's safe to say that I had some fun with it. I am a certified public accountant (not an artist) that is based out of New Jersey, and I'm continuing my extensive guide covering the inter...

Crypto & Your Tax Bill

18 Mar 2021 2 minute read 1 comment AlucardLife

You don't have one. Questions? Drilling down: Crypto, bitcoin especially, is sovereign. That means your country has NO CLAIM TO IT. Moreover, it is not in any way defined by or against any fiat currency. The fact that they can be exchanged for fiat c...

NFTs and Taxation

10 Mar 2021 3 minute read 4 comments rah

This is the first of three articles I have been asked to write and I am going to see if I can get them banged out before the end of the week. To follow will be an article on achieving financial success and a more general article on Charities and NGOs...

Crypto and Taxation (Part 2)

8 Mar 2021 4 minute read 13 comments rah

One of the first articles I wrote when I joined Publish0x was concerning how to pay taxes on Crypto income. I have decided to revisit the subject for two reasons. When I first joined Publish0x I had few followers so the impact of the original articl...

US Tax Law and Cryptocurrency Part 3: Cost Basis Accounting (FIFO, LIFO, HIFO, and Specific Identification)

1 Mar 2021 5 minute read 0 comments Phul

I am a certified public accountant (not an artist) that is based out of New Jersey, and I'm continuing my extensive guide covering the interactions of United States tax law and cryptocurrency. The cost basis of an asset is its original value which is...