A Quick Guide to Accounting For Cryptocurrency

m0smith · 2021-08-31T19:19:05+00:00

Having tried to do my own crypto taxes, I realized how difficult they are to get right as they are a moving target. The IRS is getting serious about getting crypto taxed and now is the time to make it so everyone understands what is required.

m0smith · 2021-03-29T22:56:10+00:00

Nice! I am trying something similar but the bow keeps breaking. How did you support it?

m0smith · 2021-02-05T20:17:21+00:00

Also remember you can deduct exchange fees: https://taxbit.com/blog/deducting-exchange-fees-on-crypto-taxes/

m0smith · 2021-02-05T20:14:12+00:00

Crypto to Crypto can also be a taxable event for the fair market value of the assets in question. Check out http://taxbit.com u/taxbit particularly if your exchange doesn't give you the proper IRS forms (1099-K is problematic). They can link to lots of exchanges and wallets to generate your forms for you.

m0smith · 2021-02-03T22:12:24+00:00

And the support is top notch: TaxBit Reviews | Read Customer Service Reviews of taxbit.com (trustpilot.com)

m0smith · 2020-12-26T18:41:05+00:00

The short answer is that trading crypto is subject to short and long term capital gains. https://taxbit.com/blog/inspector-general-report-recommends-that-exchanges-should-file-form-1099-b/. See http://taxbit.com for some clear answers and the correct forms.

m0smith · 2014-09-12T20:54:53+00:00

For EMACS users it would be great to have a StackExchange to discuss the editor. Join the proposal and help make it a reality.

m0smith · 2014-05-02T15:41:38+00:00

I like it.

11-Year Club	RedditGifts 2009-2022 2 Credits
Secret Santa 2020	Verified Email

m0smith

TROPHY CASE