Frequently Asked Questions

61 articles in this collection
Written by Chandan
Tax

How are cryptocurrencies taxed?

Written by Chandan
Updated over a week ago

How does the United States Internal Revenue Service (IRS) treat cryptocurrency?

IRS guidance
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Updated over a week ago

In what jurisdiction are US citizens taxed on cryptocurrency?

Written by Chandan
Updated over a week ago

Do I need to pay tax on my cryptocurrency?

Written by Chandan
Updated over a week ago

What if I only traded crypto:crypto within an exchange without cashing out to fiat?

Written by Chandan
Updated over a week ago

If I buy something with cryptocurrency is that a taxable event?

Written by Chandan
Updated over a week ago

How are cryptocurrencies taxed if I earn them rather than buy them?

Written by Chandan
Updated over a week ago

What if I receive or give cryptocurrency as a tip or gift?

Cryptocurrency gifts
Written by Chandan
Updated over a week ago

What happens if I receive cryptocurrency from a fork or airdrop?

Forks / airdrops
Written by Chandan
Updated over a week ago

How do I report mined cryptocurrency?

Cryptocurrency mining
Written by Chandan
Updated over a week ago

What if I donate my cryptocurrency?

Written by Chandan
Updated over a week ago

Do wash sales apply to cryptocurrency?

Written by Chandan
Updated over a week ago

Can I apply like-kind exchange to my cryptocurrency trades?

Like-kind exchange
Written by Chandan
Updated over a week ago

What is my tax rate for my crypto gains?

Tax rate
Written by Chandan
Updated over a week ago

Do I have to report every transaction where I buy something with cryptocurrency?

Written by Chandan
Updated over a week ago

How can I figure out my cryptocurrency taxes?

Written by Chandan
Updated over a week ago

What options do I have for calculating my capital gains?

Capital gains: FIFO, LIFO, HIFO, ACB
Written by Chandan
Updated over a week ago

What are total proceeds and total cost basis? Why are they so high? How is my capital gain positive when I've lost market value in my portfolio?

Total proceeds / total cost basis too high
Written by Chandan
Updated over a week ago

After purchasing a CoinTracker tax plan, how can I file my crypto taxes?

Filing cryptocurrency taxes
Written by Chandan
Updated over a week ago

How often are cryptocurrency taxes due?

Written by Chandan
Updated over a week ago

How can I file a tax extension?

Tax extension
Written by Chandan
Updated over a week ago

Which tax forms do I need to complete?

Tax forms for cryptocurrency
Written by Chandan
Updated over a week ago

I don't have enough fiat money (e.g. USD) to pay my taxes. Should I sell crypto to pay my taxes? If so, won't they be taxed again?

Gross up payments for paying cryptocurrency taxes
Written by Chandan
Updated over a week ago

Where can I get tax advice on cryptocurrency?

Written by Chandan
Updated over a week ago

How can I avoid paying crypto taxes?

Written by Chandan
Updated over a week ago

I accidentally did not properly report my tax for cryptocurrency for historical tax years. What should I do?

Written by Chandan
Updated over a week ago

Cryptocurrency taxes are ridiculous!

Written by Chandan
Updated over a week ago

Does CoinTracker report my capital gains to the government?

Written by Chandan
Updated over a week ago

Where can I get more information about cryptocurrency taxes?

More cryptocurrency tax resources
Written by Chandan
Updated over a week ago

How does cryptocurrency taxation work in Canada?

Canadian cryptocurrency taxes
Written by Chandan
Updated over a week ago