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CryptoTax
@cryptotax
59
Crypto Tax E-Book
Followers
1194
Following
160
Resource Credits
Available
Used
Location
U.S.
Website
https://twitter.com/CryptoTaxSTEEM
Created
August 15, 2017
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cryptotax
taxes
2020-01-10 18:56
RE: 2019 IRS Tax forms asks if you earned or own cryptocurrency
Even if a taxpayer bought and didn't sell, the box is still required to be checked YES! Technically if a taxpayer made no direct intentional transactions but involuntarily received a fork/airdrop, the
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cryptotax
cryptocurrency
2020-01-07 02:17
RE: DeFi Tax Series #1 - U.S. Tax Implications of DAI
Also, if you'd like a DeFi project examined in a future installment of this series, please let me know in the comments!
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cryptotax
bitcoin
2019-12-03 02:35
RE: Crypto Tax AMA - 2019 Edition (first since new guidance came out)
Thank you for the heads up, it has been a while. Technically, each 0.001 STEEM transaction is occurring on-chain and needs to be separately valued based on the exact date and time it occurred, so the guidance
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cryptotax
busy
2019-08-07 01:59
RE: Monthly Crypto Portfolio Update (July 2019)
EOS has the Resource Exchange for passive income. The APR at the moment is minimal 0.15%
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cryptotax
bitcoin
2019-07-29 13:27
RE: IRS is Sending Out Noncompliance Letters
That would impair certain tax positions that have been taken surrounding crypto (i.e. not having to apply the wash sale rule). Agree it's a concern.
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cryptotax
bitcoin
2019-07-27 21:36
RE: IRS is Sending Out Noncompliance Letters
Agree, the treatment of systems such as Maker DAO, etc. are probably years away from being addressed.
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cryptotax
bitcoin
2019-05-01 14:26
RE: E-Book
Thank you! Hope all is well.
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cryptotax
bitcoin
2019-04-02 19:37
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
It's called 199A, depending on your personal situation certain mechanical limits kick in based on W-2 wages, business assets and classification of the line of business, but some taxpayers can skip all
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cryptotax
bitcoin
2019-04-02 18:14
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
@josephsavage Is your advisor helping you consider other costs deductible against Steem earnings outside of promotion (the cost of your equipment, the home office allocation if you are working from home,
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cryptotax
bitcoin
2019-04-01 16:33
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
It's interesting because the IRS came after Coinbase (who now issues Form 1099-K to individuals with significant transactions). In Notice 2014-21, it was established that payments in digital currency are
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cryptotax
bitcoin
2019-04-01 15:41
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
While I would need to read the detail on the specific programs, My perspective is - the purchase of an upvote (one-time or subscription) using Steem/SBD, this is effectively the purchase of
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cryptotax
bitcoin
2019-03-11 03:18
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
I will have to look into this, it is fascinating. I would argue that a margin call is a maturity date and liquidation of positions would give rise to taxable events. Margin interest in typical investing
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cryptotax
bitcoin
2019-03-09 15:05
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
Based on the description, this is what I would think (but I would need to review the terms 100% to be certain on this). Below is from the perspective of the borrower itself. I would say ETH-WETH is a
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cryptotax
taxes
2019-03-09 13:46
RE: Bitcoin trading taxes
Hi, how have you been? I do enjoy the ease of use of . No need to use the referral link, but it does give you a discount of 20%. I would just point out there occasionally is some issues if you use the
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cryptotax
bitcoin
2019-03-07 04:51
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
Hi, hope all is well! I plan to treat as a nontaxable event. The ER 20 token was a tradeable digital representation of the genesis mainnet right to EOS tokens. And folks holding EOS on exchanges at the
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cryptotax
busy
2018-12-20 04:58
RE: Knocking Things Off My To Do List For Year End: Claimed my EOS!
Great article. I prefer the Greymass wallet and in early days they had released a cold storage feature built in to sign transactions offline (believe it would allow an air-gap computer to function like
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cryptotax
cryptocurrency
2018-12-15 02:26
RE: My Updated (poorer) Crypto Portfolio
Bobby I still have a ton of respect for all the work you do. Thanks for keeping up the videos even in these rough patches.
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cryptotax
busy
2018-12-14 02:35
RE: Coinbase Continues to List More Assets but Where is #STEEM?
Great article. Was Cardano also on deck for a potential listing?
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cryptotax
bitcoin
2018-10-25 21:41
RE: FBAR and Cryptocurrency - Due Tomorrow (10/15)
Hi thank you for reaching out. I just returned from a trip. Do you have a discord ID or another preferred way to reach you off-chain?
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cryptotax
bitcoin
2018-10-14 13:31
RE: FBAR and Cryptocurrency - Due Tomorrow (10/15)
Edit: Corrected CoinTracking steps to reference highest daily value.
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