taxes


Learn

Crypto Philanthropy 101: What Donors and Organizations Need to Know

Giving crypto as a charitable donation or setting up a nonprofit to receive crypto isn’t hard, but there are some unique considerations to think about.

(Samuel Regan-Asante/Unsplash)

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)

Web3

How Will NFTs Be Taxed? Understanding the IRS' New Proposed Guidelines

Tax experts weigh in on how the IRS will decide if NFTs are collectibles.

The Internal Revenue Service has shared the form that U.S. taxpayers will be using soon to report their crypto gains. (Shutterstock)

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)

Policy

U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

President Joe Biden unveiled his 2023 budget proposal on Thursday.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole

The U.S. President is expected to unveil his budget proposal on Thursday.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Finance

Brazil's Largest Public Bank Enables Tax Payments to Be Made With Crypto

The service will operate in partnership with Bitfy, a startup focused on blockchain solutions.

Oficinas de Banco do Brasil en Brasilia, Brasil. (Henrique Dias/Unsplash)

Policy

India's Crypto Tax Amendment Could Punish Evaders With Jail Time, Attorneys Say

In 2022 India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector.

Indian Finance Minister Nirmala Sitharaman, right, with U.S. Treasury Secretary Janet Yellen. (Indian Finance Ministry)

Web3

Tax-Loss Harvesting Platform Unsellable is Building ‘The World's Largest Collection of Worthless NFTs

The platform has so far purchased over 9,300 no-longer valuable NFTs that previous owners can count as losses to reduce taxable capital gains.

(Sergey Bitos/Getty Images)