Taxes

Questions about cryptocurrency taxes

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33 articles in this collection
Written by Chandan
US Taxes

How are cryptocurrencies taxed?

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Updated over a week ago

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

IRS guidance
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In what jurisdiction are US citizens taxed on cryptocurrency?

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Do I need to pay tax on my cryptocurrency?

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

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

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

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

Forks / airdrops
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How do I report mined cryptocurrency?

Cryptocurrency mining
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What if I donate my cryptocurrency?

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

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

Like-kind exchange
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Do wash sales apply to cryptocurrency?

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What is my tax rate for my crypto gains?

Tax rate
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How can I figure out my cryptocurrency taxes?

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What options do I have for calculating my capital gains?

Capital gains: FIFO, LIFO, HIFO, ACB, Share Pool
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Do I have to report every transaction where I buy something with cryptocurrency?

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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
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Updated over a week ago

How do I account for a coin swap where one blockchain is abandoned for another (e.g. ANS for NEO)

Accounting for blockchain swap
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Updated over a week ago

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

Filing cryptocurrency taxes
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How often are cryptocurrency taxes due?

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How can I file a tax extension?

Tax extension
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Which tax forms do I need to complete?

Tax forms for cryptocurrency
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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
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Updated over a week ago

Where can I get tax advice on cryptocurrency?

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How can I avoid paying crypto taxes?

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

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Cryptocurrency taxes are ridiculous!

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Does CoinTracker report my capital gains to the government?

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Where can I get more information about cryptocurrency taxes?

More cryptocurrency tax resources
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