Hey Steemians!
We took some time to compile this guide, a downloadable PDF, about crypto taxes and the top 8 mistakes or misconceptions that U.S. based crypto traders make.
I encourage you to read it here.
But for a high-level preview, here are the 8 mistakes in case you are curious:
- Not reporting crypto income
- Not including spending of your crypto
- Not including your data from all exchanges
- Not including data from all prior years
- Not filing for past years
- Skipping the FBAR report
- Not counting crypto-to-crypto trades
- Filing only when you have a gain
If you're curious to learn more about any one of those then definitely visit this link to dive in more.