Tax
Crypto Tax Talk: CoinLedger CEO Takes Aim at Form 1099-B
As part of CoinDesk’s Tax Week, CoinLedger Co-founder and CEO David Kemmerer joins “First Mover” to explain the issues with form 1099-B as a solution for crypto transaction reporting and the pitfalls of broader crypto tax legislation. Plus, Kemmerer shares his insights on how exchanges Gemini and Binance US report financial information to authorities.
FIFO or Specific Identification: Choosing the Best Way to Calculate Cost Basis on Crypto
For crypto users who use multiple exchanges or wallets, understanding how the IRS treats cost basis assignment can eliminate confusion. This post is part of Tax Week.
Crypto Tax Prep Business Booms as Trading Surges and IRS Tightens Screws
Startups that help Americans calculate their crypto taxes have been raising hundreds of millions, hitting unicorn valuations. Even traditional tax-prep firms are rolling out crypto services. This piece is part of CoinDesk's Tax Week.
It’s Tax Week at CoinDesk: What to Look Out For
CoinDesk Managing Editor for Features, Opinions and Research Ben Schiller joins “First Mover” to discuss Tax Week at CoinDesk. Readers can expect to see op-eds from leading tax experts, guides to understanding crypto taxes in different jurisdictions like the UK and India, and insights into taxes for new trends like NFT minting.
How to Avoid Getting Rekt by Crypto Taxes
Tax guidance lags innovation. So does tax software. Meanwhile, misconceptions abound. If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill. This piece is part of CoinDesk's Tax Week.
Taxes Are a Wild Card for Public Companies Holding Crypto
Investors in MicroStrategy, Tesla, Block and Coinbase need to consider how wild price swings will affect results, not only directly but indirectly due to complex tax accounting rules. This piece is part of CoinDesk's Tax Week
Making Sense of India's New Crypto Rules
India's first concrete steps in acknowledging crypto may be here to stay, having spurred both excitement and confusion over whether the country is approving crypto as an asset.
Colorado to Accept Crypto for Tax Payments by End of Summer
Gov. Jared Polis outlined the plans during an appearance on CoinDesk TV.
Canada Crypto Tax Guide 2022
Like many jurisdictions, crypto assets are treated as "property" in Canada, meaning investors will owe taxes to the Canadian Revenue Agency (CRA) in certain situations. This piece is part of CoinDesk's Tax Week.
Indian Crypto Exchanges Met With Finance Ministry Officials to Seek Tax Reconsideration
India announced new tax rules on crypto during the budget speech on Feb. 1.
