Latest Posts with Crypto taxes tag

Crypto taxes

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Cryptocurrency Taxation – A Bit Brain Guide

8 Dec 2020 6 minute read 4 comments Bit Brain

If you’re worried about the taxes which you need to pay on your crypto trades, Defi earnings, staked coin dividends etc, then my question to you is:“Why on Earth does your government know what you’re doing with your crypto?”You’re doing it wrong; tha...

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...

US Government admits that crypto is here to stay

20 May 2021 1 minute read 0 comments Lukros76

So the president of the US, Joseph Robinette Biden, proposed a tax for crypto transactions and businesses to have to report transactions larger than 10,000$ to the IRS, whatever that is. Essentially they are now making it easier for the IRS to tax pe...

Why do you need a crypto tax calculator?

26 Dec 2020 1 minute read 0 comments Cryptotexty

I just read an article about the crypto tax calculator. The author of the article helped his Australian friend to buy some cryptocurrencies, particularly Cardano and Ripple.  While some people live in one of a handful of jurisdictions where capital g...

I Prefer Trading On My Own- Sorry API, Profit And Loss Is All My Own Responsibility

3 May 2021 1 minute read 0 comments Suny Ag

If one knows nothing much about trading in crypto or does not have technical knowledge, yet he wants to make money from trading, then there are ways to do so. One way is to appoint a fund manager or a portfolio manager that you can talk to in person,...

Koinly for crypto taxes.

4 Jun 2021 1 minute read 0 comments edexter

Certainly the wiretaps are out there hoping to steal money and then black mail you.  Even cops could be eyeing your money with envy if they have a wiretap on your Email and your transactions are coming through.  I would be more worried about them the...

The REAL Crypto Trilemma: Crypto, Taxes, and You

2 Feb 2021 5 minute read 1 comment Michael @ CryptoEQ

If you have already filed your 2020 individual tax returns, you probably noticed a question about Cryptocurrency. You may have already taken the deep dive into this topic and if so, I hope you still learn something from this. If you have more questio...

Bitcoin: Revolution For Pansies

22 May 2021 1 minute read 0 comments howardroark

Samuel Adams was the founder of "The Sons of Liberty". Those guys who dressed as indians (politically incorrect) and threw tea into the Boston Harbor. He was outspoken against British Taxation. He was essentially a terrorist.  All this put his life a...

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...

Hacker stole trader personal data from CryptoTrader.Tax

25 Aug 2020 1 minute read 0 comments PhoenixDev

The CryptoTrader.Tax platform, a service that allows calculating and presenting taxes on cryptocurrency transactions, has been compromised when a hacker has stolen the information corresponding to the accounts of more than 1000 users of this platform...