Crypto Taxes


Opinion

Why Trump’s Potential Plan to Make Crypto Gains Tax-Free Could Be a Bad Idea

The elimination of capital gains taxes on crypto might not be the huge boon to American investors that it would appear to be.

President Donald Trump

CoinDesk Indices

Crypto for Advisors: It's Tax Time

The 2024 tax year has come to a close, and tax filing season is now upon us. If you’ve been trading crypto, here are some key things you need to consider.

Numbers on page

Policy

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)

Finance

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)

Opinion

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)

Opinion

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.

(Dimitri Karastelev/Unsplash, modified by CoinDesk)

Policy

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)

Layer 2

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)

Finance

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.”

The IRS' headquarters in Washington. (Zach Gibson/Getty Images)

Policy

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)

Pageof 7
Crypto Taxes | CoinDesk