Crypto Taxes

Sen. Pat Toomey (R-Pa.)
Senator Toomey Calls Text of Current Crypto Tax Proposal ‘Unworkable’
The Pennsylvania Republican said the definition of a broker is too broad and would affect bitcoin miners, which should be exempt.
Sen. Pat Toomey (R-Pa.)

Indian_Flag
India's Crypto Investors Could Face 2% Levy on Purchases From Overseas Exchanges
It may be difficult for the government to impose the levy in the absence of a regulatory framework for the treatment of crypto assets.
Indian_Flag

Rep. Tom Emmer
Emmer, Congressional Blockchain Group Ask IRS to Revise Guidance on Charitable Crypto Donations
The lawmakers say the amount of a donation should depend on free market value, not an appraiser’s determination.
Rep. Tom Emmer

australia tax
Australian Tax Office Warns Investors to Report Crypto Gains and Losses
The ATO will inform around 100,000 crypto investors to review their previous years' returns and ensure they're correct.
australia tax

Coinbase CEO Brian Armstrong
Coinbase CEO Armstrong Lobbies US Lawmakers as Crypto Scrutiny Ramps Up
Armstrong said he visited Capitol Hill to network and help answer questions about crypto.
Coinbase CEO Brian Armstrong

arg
Argentina’s Tax Authority Orders Crypto Exchanges to File Information on Transactions: Report
Crypto adoption has been healthy in Argentina, with citizens seeking alternative ways of storing wealth amid the country’s economic woes.
arg

IRS
IRS Will Seize Crypto Assets on Failure to Pay US Taxes: Official
Crypto is treated by the IRS as property for U.S. tax purposes and can be seized in the same way, an official said.
IRS

1040Mosh4
How to Minimize Your Crypto Taxes
Your tax strategy may be every bit as important as your investment strategy, say two crypto tax experts.
1040Mosh4

IRS 1040 2020
IRS Says Buying Crypto With Fiat Does Not Trigger Tax Reporting Rules
The IRS has narrowed the breadth of its new crypto reporting question.
IRS 1040 2020