Tax experts weigh in on how the IRS views crypto trading profits, gifts, mining rewards and more.
Making sense of your crypto taxes. Presented by Koinly.
Even though the legality of crypto in India is still a matter of debate, new crypto tax laws are already affecting businesses and individuals.
With marginal rates, excise tax and the potential for foreign tax credit mismatch, crypto income could be taxed at an 80% or higher.
Web3 tax help is a multibillion-dollar opportunity, and a way to plug the gap the government has around tax help and out-compete centralized companies like TurboTax.
The year 2022 has been rough in the markets, but one way to take the sting out of losses is to take advantage of tax-loss harvesting to offset any capital gains from other profits.
The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.
The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.
Tax expert Victoria J. Haneman compares Sam Bankman-Fried's crypto trading empire to Bernie Madoff's Ponzi scheme to glean what the FTX fallout could mean for tax filers.
Use data aggregators, get a trusted adviser and learn to live with a little uncertainty.
What if instead of private protocols enabling tax avoidance or evasion, privacy in web3 actually enhanced tax reporting?
If laws around taxation are confusing for crypto and art-focused NFTs, music is a whole other can of worms.