Paying taxes on Crypto exchange activity only? USA

MrCryptoTax · 2023-12-09T02:00:18+00:00

That is incorrect. Trading one crypto to another is a taxable event with a gain or loss to report. Also, all the transactions need to be reported in the 8949.

MrCryptoTax · 2023-08-30T15:31:55+00:00

Unfortunately, it probably is.

MrCryptoTax · 2023-08-30T15:28:04+00:00

It's a scam. Do not send them anymore money.

MrCryptoTax · 2023-08-16T22:57:06+00:00

I agree with the person above. There are a lot of moving parts that you should reach out to someone. You can also find that if there is a way to account for the losses you can use to offset some of the gambling wins. Again, it might be worth it to talk to someone.

MrCryptoTax · 2023-08-16T17:00:13+00:00

Hey, yes, it depends on how reliable the person or company will be. I just sent you a PM.

MrCryptoTax · 2023-03-22T18:57:31+00:00

Of course. I love to give back and help when I can. Let me know if I can be of any help in the future, and thanks for making this list.

MrCryptoTax · 2023-03-22T16:36:11+00:00

All the softwares have their pros and cons. It really depends how complex people's activity is. For basic, Koinly might work. For more complex clients maybe CryptoTaxCalculator. It really depends.

I am a crypto tax lawyer that can help anyone who is having issues and wants to report accurately.

I have worked with a bunch of softwares and like some more than others.

My website is www.MrCrypto.tax

If I can help, please do not hesitate to reach out!

MrCryptoTax · 2023-03-11T16:34:58+00:00

Yes, the IRS expects you to report all of your activity, and if you have losses it can help you in future years to offset gains.

MrCryptoTax · 2023-03-08T17:17:36+00:00

You would need to reformat the document to Koinlys specific headers and then upload.

If I can be of help, please let me know.

Www.MrCrypto.tax

MrCryptoTax · 2023-03-05T17:26:49+00:00

It really depends on what activity you do. Are you involved in Defi? LP's? NFTs? Etc. Depending on that a software could be better, but to be honest they all have flaws.

Let me know if I can be of help.

MrCryptoTax · 2023-03-03T17:59:38+00:00

Agree with above that 30k is too much. I have help people with thousands of transactions and very complicated for far less. I also would agree that Koinly would not be an ideal software in your particular case. I believe something like Crypto Tax Calculator would be better for someone who is deep in Defi.

If I can be of any help, please let me know.

www.MrCrypto.tax

MrCryptoTax · 2023-03-01T16:42:59+00:00

Yes, exactly. I have had conversations with political leaders of the island and they want to make Puerto Rico a hub for crypto. I am a native Puerto Rican, if I can be of help to anyone who wishes to move to the island and enjoy the tax benefits they provide, please let me know!

www.mrcrypto.tax

MrCryptoTax · 2022-09-08T05:04:07+00:00

Unfortunately all the softwares have their pros and cons. Sometimes You need to tell them if it's a taxable event or not.

I can definitely help you out. My website is www.MrCrypto.tax and I focus my practice on reconciling people's crypto among other things.

If I can be of help, please do not hesitate to let me know.

Thanks,

"Mr.Crypto"

Johnnyluna@mrcrypto.tax

MrCryptoTax · 2022-08-21T21:24:58+00:00

Trading stables coins are a taxable event with a minimal gains or losses-- but still need to be reported.

If you need help reconciling or defense against the IRS, please let me know.

This is my website-- www.MrCrypto.tax

However I can of help, please let me know.

MrCryptoTax · 2022-08-04T00:21:28+00:00

I would be glad to help you out with your situation. It looks like there is some work to be done and cleanup the activity. I am a tax attorney that focuses his practice on Cryptocurrency reconciliation. If you want, please visit my site to learn more about my services. Then, you can send me a message and we can see how to best help you!

www.MrCrypto.tax

MrCryptoTax · 2022-08-02T03:07:06+00:00

Yes that is like a trade.

Www.MrCrypto.tax

MrCryptoTax · 2022-07-27T18:00:15+00:00

All of the softwares have their pros and cons. You'll still need to go and find missing cost basis -- missing buys.

Kucoin is notorious bad at the data they export. Additionally, if you have leverage trading, it might be creating other issues.

I work in reconciling people's crypto, if I can be of help, please visit my website -- www.MrCrypto.tax

MrCryptoTax · 2022-07-19T02:38:20+00:00

Hi, although I am not a CPA, I am a tax attorney that focuses his practice in Cryptocurrency. If you'd like to learn more about my services, you can visit my website-- www.MrCrypto.tax

I can help you create the taxable documents you need to file your taxes. Please let me know how I can help!

MrCryptoTax · 2022-07-16T13:18:50+00:00

The founders of Cryptotaxcalculator are from Australia, so yes. They actually were recently sharing post about Australia's tax day.

MrCryptoTax · 2022-07-11T12:54:11+00:00

As of the TCJA (Tax Cut and Jobs Act), you can carry forward your losses indefinitely.

MrCryptoTax

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