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Tax Week 2023

Confused by crypto taxes? CoinDesk rounds up expert opinion and analysis on new IRS reporting requirements, what you should be paying in taxes, how to avoid paying too much, and what to do if you are unsure, sponsored by TaxBit.

Tax Week 2023

Featured Stories on Crypto Taxes

(Jesse Hamilton/CoinDesk)

New Form 1099-DA: What it Means for Digital Asset Brokers and Their Customers

Unpacking the IRS’ controversial new crypto tax regulation proposals.

(Jesse Hamilton/CoinDesk)
Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)

‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules

Peter Van Valkenburgh on why the crypto industry has responded with 120,000 comments to the controversial new tax regulations.

Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)
(Unsplash, modified)

The IRS and the Rising Cost of Crypto Tax Compliance

David Kemmerer anticipates the unintended consequences of proposed new regulations on brokers reporting crypto transactions. Expensive “tax experts” are set to benefit financi...

(Unsplash, modified)
(MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)

The Tax Implications of Sam Bankman-Fried’s Conviction

The end of the trial provides some clarity for FTX customers as to how the company’s bankruptcy might affect their taxes. But how the IRS might act in the context of illegal a...

(MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)
The U.S. Internal Revenue Service has been poised to propose major tax rules for crypto. (Jesse Hamilton/CoinDesk)

The IRS Is Making Crypto Compliance Impossible

The 6045 digital asset broker regulations are likely to greatly increase the cost of filing your crypto taxes, says Kirk David Phillips, CPA.

The U.S. Internal Revenue Service has been poised to propose major tax rules for crypto. (Jesse Hamilton/CoinDesk)
The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)

The IRS Should Heed This Warning

Devs are not brokers.

The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)
The U.S. is weighing crypto tax rules, and many in the digital asset industry worry the government going too far. (Jesse Hamilton/CoinDesk.)

The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."

The U.S. is weighing crypto tax rules, and many in the digital asset industry worry the government going too far. (Jesse Hamilton/CoinDesk.)
(Getty Images)

Crypto Tax Basics: A 101 for Beginners

Everything you need to know, courtesy of Jaimin Desai, CEO & Co-Founder of Reconcile, a tax optimization platform helping investors, business owners and high-income earners pa...

(Getty Images)
(Yunha Lee/CoinDesk)

Top 5 Crypto Tax Questions, Answered

Tax experts weigh in on how the IRS views crypto trading profits, gifts, mining rewards and more.

(Yunha Lee/CoinDesk)
The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)

IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal

The proposal to establish a U.S. tax regime for digital assets has drawn a stunning 120,000 comments and will be the focus of an IRS hearing today.

The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)
Friends on a road trip looking at a map lost (Image Source/Getty Images)

Friend.tech: The Legal and Tax Ins and Outs of This Year’s Hottest Crypto App

Friend.tech, a decentralized social media platform in which you can buy and sell “keys” in your friends on X, whose value can go up and down, has become a viral sensation, rac...

Friends on a road trip looking at a map lost (Image Source/Getty Images)

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