Crypto Taxes

Coinbase CEO Brian Armstrong (Coinbase)
Coinbase Sounds Alarm on IRS Crypto Tax Proposal
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.
Coinbase CEO Brian Armstrong (Coinbase)

Julie Foerster, Project Director at the IRS (Shutterstock/CoinDesk)
IRS Hopes to Have New Crypto Operating Plan in '12-ish' Months, Official Says
Julie Foerster, the agency's point person for cryptocurrency taxation, also stressed a need for working with the community at Consensus 2023.
Julie Foerster, Project Director at the IRS (Shutterstock/CoinDesk)

(Yunha Lee/CoinDesk)
Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead
Crypto traders can avoid paying capital gains taxes by reaping the benefits of one of the most generous deductions in the tax code.
(Yunha Lee/CoinDesk)

MOSHED-2022-11-15-8-58-10-CDCROP.jpg
New 1099-DA Reporting Creates More Headaches for Taxpayers
You might think new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.
MOSHED-2022-11-15-8-58-10-CDCROP.jpg

(Piotrekswat/Getty Images)
IRS Seeks to Tax NFTs Like Other Collectibles
NFTs will be taxed like the underlying assets until final rules are agreed on how to treat digital proofs of ownership held in retirement accounts
(Piotrekswat/Getty Images)

(Unsplash, modified by CoinDesk)
Crypto Users Want to Pay Taxes, but We Need Clearer Rules
The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.
(Unsplash, modified by CoinDesk)

GettyImages-1137410598.jpg
IRS Expands Key US Tax Language to Include NFTs
Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”
GettyImages-1137410598.jpg

Japan is reportedly considering a tax reduction to entice crypto startups to stay in the country. (DigiPub/Getty Images)
Japan Looks at Corporate Crypto Tax Breaks to Entice Startups: Report
Two crypto lobby groups recently asked the government to reform crypto tax laws in the country, where investors can pay up to 55% on capital gains.
Japan is reportedly considering a tax reduction to entice crypto startups to stay in the country. (DigiPub/Getty Images)

GettyImages-949202854.jpg
Slovenia Unveils Plan for Flat Tax on Crypto Transactions
The rate would be just under 5%, according to the government.
GettyImages-949202854.jpg

Parliament House in New Delhi (Unsplash)
India Passes Stiff Crypto Tax Laws Despite Industry Uproar
Amendments sought by the crypto industry were not adopted.
Parliament House in New Delhi (Unsplash)