taxes


Learn

How to Benefit From Tax-Loss Harvesting in Crypto

The year 2022 has been rough in the markets, but one way to take the sting out of losses is to take advantage of tax-loss harvesting to offset any capital gains from other profits.

Tax paperwork (Pixabay)

Policy

What the Mention of Crypto in Australia's Budget Means

“This may be the first time cryptocurrency has been mentioned in the federal budget papers," said Michael Bacina, a partner at law firm Piper Alderman.

Parliament house, Canberra, Australia. (Unsplash)

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)

Opinion

What You Need to Know About Taxes Before You Claim Your Next Airdrop

Investors receiving airdrops should be aware of the tax implications of their newly earned tokens to avoid unwelcome surprises from the IRS.

Did you pay taxes on that airdrop? (Pixabay)

Opinion

Lender Beware: The Potential DeFi Tax Trap

Uncle Sam may collect tax on every loan and repayment of cryptocurrency, which may catch users by surprise, creating a tax trap that could impair the rapidly emerging DeFi industry. This piece is part of CoinDesk's Tax Week.

(Francis MacDonald/Unsplash)

Layer 2

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.

(Sharon McCutcheon/Unsplash)

Opinion

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.

Robot hand typing keypad calculator taxes tax help (Melody Wang/CoinDesk)

Layer 2

The 7 Types of Crypto Tax Nightmares

Meet the yoga instructors, limo drivers and real estate agents who've been to hell and back. This piece is part of CoinDesk's Tax Week.

Dollar Bills, a Calculator, and a BTC Piggy Bank Inside a Kettle

Videos

Colorado’s Governor Announces the State Will Accept Crypto Payments for Taxes, Joins ETHDenver to Deliver Keynote, Support Blockchain Hackathons

As ETHDenver, one of the largest gatherings of the Ethereum blockchain community gets underway in Denver, Christine Lee sits down with Gov. Jared Polis (D-Colorado) for a wide-ranging discussion about the state’s blockchain initiatives.

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Videos

Venmo, PayPal, Cash App Must Report Payments of $600 or More to the IRS

New year, new tax requirements. The Internal Revenue Service (IRS) is cracking down on payments received through third-party apps like Venmo, PayPal and Cash App to ensure those using these networks are paying their fair share of taxes. These platforms, coincidentally, also allow crypto purchases. "The Hash" crew discusses the issues of regulation, consumer privacy and impact on small businesses.

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