Crypto Taxes


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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)

Videos

Crypto Tax Nightmares: 5 Real-Life Scenarios You Need to Know

You mess around with crypto, make some money, you don't think about taxes, then the market drops. What happens now? Features writer Jeff Wilser explores five crypto tax nightmares, as part of CoinDesk Tax Week, that may just haunt your dreams and pocketbook.

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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)

Policy

Crypto Tax Pros Throw Cold Water on Staking Excitement

Recent media excitement over a lawsuit partially funded by the Proof of Stake Alliance (POSA) has caused confusion over crypto taxes, but experts say it's best to remain cautious.

(Witthaya Prasongsin/Getty Images)

Videos

India’s Crypto Exchanges ‘Inspected’ by Tax Agencies

CoinDesk Managing Editor for Global Policy & Regulation Nikhilesh De discusses an article by CoinDesk’s India-based Amitoj Singh, explaining why Indian tax agencies are pursuing five crypto exchanges for over Rs 84 crore ($11 million) in additional taxes. Plus, De draws comparisons between Indian and American tax policy.

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Videos

What to Know About End-of-Year Crypto Tax Considerations

As 2021 draws to a close and the upcoming tax season nears, Mark Steber, chief tax information officer at tax firm Jackson Hewitt, shares insights into the top strategies for managing cryptocurrency taxes. How could crypto losses result in tax benefits?

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Markets

The Top 5 Tax Tips for NFT Investors

NFTs have seen explosive growth this year, making it even more important for investors and advisors to prepare for tax season in 2022.

NEW YORK, NEW YORK - MAY 12: CryptoPunk digital art non-fungible token (NFT) displayed on a digital billboard in Times Square on May 12, 2021 in New York City. The image is part of SaveArtSpace's "Pixelated" public art exhibition which will be displaying 193 of Larva Labs' CryptoPunks on phone booths, bus shelters, and billboards around New York City during the month of May. New York Governor Andrew Cuomo announced pandemic restrictions to be lifted on May 19.  (Photo by Alexi Rosenfeld/Getty Images)

Policy

Austria to Tax Crypto Like Stocks and Bonds: Report

The Austrian Finance Ministry is planning to apply a 27.5% capital gains levy on digital currencies, including bitcoin and ether.

Vienna, Austria

Policy

The Crypto Industry Isn’t Too Thrilled About Biden’s Big Policy Moves

Crypto lobbyists now face two problematic tax provisions and some debatable recommendations on stablecoin regulation.

WASHINGTON, DC - NOVEMBER 06: U.S. President Joe Biden speaks during a press conference in the State Dining Room at the White House on November 6, 2021 in Washington, DC. The President is speaking after his Infrastructure bill was finally passed in the House of Representatives after negotiations with lawmakers on Capitol Hill went late into the night. (Photo by Samuel Corum/Getty Images)

Policy

South Korea Opposition Party Trying to Make Changes to Crypto Tax: Report

The bill would delay the legislation coming into effect from the currently planned Jan. 1, 2022, to the beginning of 2023.

South Korea