Tax Week
Understand them. Minimize them. Avoid them. Presented by TurboTax.
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4 Crypto Tax Myths You Need to Know
With the U.S. tax deadline (April 18) around the corner, confusion about cryptocurrency taxes abounds. Here are some ways you might have your facts wrong, according to ZenLedger COO, Dan Hannum. This piece is part of CoinDesk's Tax Week.
FIFO or Specific Identification: Choosing the Best Way to Calculate Cost Basis on Crypto
For crypto users who use multiple exchanges or wallets, understanding how the IRS treats cost basis assignment can eliminate confusion. This post is part of Tax Week.
Crypto Tax Prep Business Booms as Trading Surges and IRS Tightens Screws
Startups that help Americans calculate their crypto taxes have been raising hundreds of millions, hitting unicorn valuations. Even traditional tax-prep firms are rolling out crypto services. This piece is part of CoinDesk's Tax Week.
Form 1099-B Is Not the Solution to Your Cryptocurrency Tax Problems
Repurposing tax reporting designed for equity trading ignores the innovation brought about by wallet-to-wallet transactions. This piece is part of CoinDesk's Tax Week.
How Web 3 Could Change Tax Collection
The traditional third-party information reporting system is incompatible in Web 3 because its transactions don’t have a third-party. What comes next? This piece is part of CoinDesk's Tax Week.
Crypto Tax Compliance Remains Minefield as IRS Leaves Key Questions Unresolved
A lack of guidance on everything from staking rewards to NFTs means there’s a certain amount of guesswork involved in tax filings. This piece is part of CoinDesk's Tax Week.
A Healthy US Bitcoin Mining Industry Could Generate Significant Tax Revenue
Tax revenue inflows from bitcoin mining companies could represent a meaningful windfall for the United States government. This piece is part of CoinDesk’s Tax Week.
5 Things to Remember When Paying Your NFT Taxes
Desai is the CEO & co-founder of Reconcile, a real-time tax planning app for accountants and their DIY investing clients. He also helps connect crypto investors with expert tax professionals. This post is part of CoinDesk’s Tax Week.
How to Avoid Getting Rekt by Crypto Taxes
Tax guidance lags innovation. So does tax software. Meanwhile, misconceptions abound. If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill. This piece is part of CoinDesk's Tax Week.
The Automatic Tax Man Cometh
Crypto won’t save you from taxes, but it may eventually make them easier to pay, says futurist Dan Jeffries. This piece is part of CoinDesk's Tax Week.