taxes

taxes

Opinion

Why NFT Tax-Loss Harvesting Remains a Challenge for Investors

What does it mean for your tax bill if you lost money trading illiquid non-fungible tokens?

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Opinion

Why Selling Some Bitcoin at a Loss Can Maximize Your Hodling Potential

How to sell your bitcoin for tax advantages without interrupting your strategy to hold for the long term.

(Marco Bianchetti/Unsplash, modified by CoinDesk)

Opinion

NFT Art Museum Donations? The Pros and Cons for Your Tax Bill

Appraising historically significant non-fungible tokens has been a head scratcher for collectors and charities.

Museum of Modern Art, New York. (Jamison McAndie/Unsplash)

Learn

How to Benefit From Tax-Loss Harvesting in Crypto

The year 2022 has been rough in the markets, but one way to take the sting out of losses is to take advantage of tax-loss harvesting to offset any capital gains from other profits.

Tax paperwork (Pixabay)

Policy

What the Mention of Crypto in Australia's Budget Means

“This may be the first time cryptocurrency has been mentioned in the federal budget papers," said Michael Bacina, a partner at law firm Piper Alderman.

Parliament house, Canberra, Australia. (Unsplash)

Finance

IRS Expands Key US Tax Language to Include NFTs

Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”

The IRS' headquarters in Washington. (Zach Gibson/Getty Images)

Opinion

What You Need to Know About Taxes Before You Claim Your Next Airdrop

Investors receiving airdrops should be aware of the tax implications of their newly earned tokens to avoid unwelcome surprises from the IRS.

Did you pay taxes on that airdrop? (Pixabay)

Opinion

Lender Beware: The Potential DeFi Tax Trap

Uncle Sam may collect tax on every loan and repayment of cryptocurrency, which may catch users by surprise, creating a tax trap that could impair the rapidly emerging DeFi industry. This piece is part of CoinDesk's Tax Week.

(Francis MacDonald/Unsplash)

Layer 2

How Web 3 Could Change Tax Collection

The traditional third-party information reporting system is incompatible in Web 3 because its transactions don’t have a third-party. What comes next? This piece is part of CoinDesk's Tax Week.

Robot hand typing keypad calculator taxes tax help (Melody Wang/CoinDesk)