{"id":94734,"date":"2018-12-11T09:04:29","date_gmt":"2018-12-11T17:04:29","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=94734"},"modified":"2019-01-03T19:10:20","modified_gmt":"2019-01-04T03:10:20","slug":"filing-your-crypto-taxes-101","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/","title":{"rendered":"Filing Your Crypto Taxes 101"},"content":{"rendered":"<p>If you bought Bitcoin and other cryptos when prices were high then there\u2019s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket.<\/p>\n<p>What\u2019s more, claiming those losses is easier than you might think. Read on to find out everything you need to know about how to file for crypto-related losses.<\/p>\n<h2>Filing Your Crypto Taxes 101<\/h2>\n<p>For the purposes of taxation, the U.S. and most other governments consider cryptocurrencies to be assets. This means that whenever you trade cryptocurrency, the transaction falls into one of two categories: a capital gain or a capital loss.<\/p>\n<ul>\n<li><strong>Capital gain:<\/strong> A capital gain occurs when you sell cryptocurrency for more than the amount that you paid to purchase it.<\/li>\n<li><strong>Capital loss:<\/strong> If you sell cryptocurrency for less than the amount that you paid for it, this is considered to be a capital loss.<\/li>\n<\/ul>\n<p>You have to sell an asset to trigger a taxable gain or loss. Once you decide to make a move, tax authorities consider the loss to be \u201crealized.&#8221; If your loss is great enough, you may reabe able to use it to enter a lower tax bracket.<\/p>\n<h2>Deducting Your Crypto Losses<\/h2>\n<p>One of the biggest benefits of claiming a loss is that you can offset income gained from other sources.<\/p>\n<p>The New York Times <a href=\"https:\/\/www.nytimes.com\/2018\/01\/18\/your-money\/bitcoin-irs-taxes.html\">reported<\/a> on this in an article published last July:<\/p>\n<blockquote><p>\u201cAs on the stock market, losses can be used to offset capital gains, subject to certain rules, and losses that are not used to offset gains can be deducted\u2014up to $3,000\u2014from other kinds of income. Unused losses can be carried over to future years.\u201d<\/p><\/blockquote>\n<p>In the US, the IRS lets you deduct up to $3,000 worth of net capital losses each year from the amount of money you\u2019ve earned at your day job. If the amount you lost was greater than $3,000, you can get another deduction of up to $3,000 when you file your taxes next year.<\/p>\n<figure id=\"attachment_43227\" aria-describedby=\"caption-attachment-43227\" style=\"width: 323px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-43227 \" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-taxes-social-300x158.jpg\" alt=\"The Investor\u2019s Guide to Cryptocurrency Taxes\" width=\"323\" height=\"170\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-taxes-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-taxes-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-taxes-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-taxes-social.jpg 1200w\" sizes=\"(max-width: 323px) 100vw, 323px\" \/><figcaption id=\"caption-attachment-43227\" class=\"wp-caption-text\">Related:\u00a0<a title=\"The Investor\u2019s Guide to Cryptocurrency Taxes\" href=\"https:\/\/cryptoslate.com\/cryptocurrency-taxes\/\">The Investor\u2019s Guide to Cryptocurrency Taxes<\/a><\/figcaption><\/figure>\n<p>If you currently make just over $50,000 per year, that $3,000 cryptocurrency loss could place you in a lower tax bracket. This could result in significant tax savings.<\/p>\n<p>What\u2019s more, if you\u2019ve earned additional income through stocks or through the sale of property, there\u2019s no limit to the amount you can deduct from those revenues.<\/p>\n<h2>Tax Examples<\/h2>\n<p>Here\u2019s a look at the 2018 tax brackets for single individuals:<\/p>\n<figure id=\"attachment_94733\" aria-describedby=\"caption-attachment-94733\" style=\"width: 1331px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-94733 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/single.png\" alt=\"\" width=\"1331\" height=\"515\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/single.png 1331w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/single-300x116.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/single-768x297.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/single-1024x396.png 1024w\" sizes=\"(max-width: 1331px) 100vw, 1331px\" \/><figcaption id=\"caption-attachment-94733\" class=\"wp-caption-text\">Single Filers Tax Brackets for Tax Year 2018<\/figcaption><\/figure>\n<p>If your crypto tax loss puts you below the $38,700 mark, you\u2019d only have to pay $952.50 plus 12% of any amount over $9,525. But if you made $38,701 or more, the flat rate is much larger.<\/p>\n<p>If you\u2019re married and filing jointly or widowed, dropping into a lower tax bracket could be even more beneficial.<\/p>\n<figure id=\"attachment_94731\" aria-describedby=\"caption-attachment-94731\" style=\"width: 1325px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-94731 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/married.png\" alt=\"\" width=\"1325\" height=\"527\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/married.png 1325w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/married-300x119.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/married-768x305.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/married-1024x407.png 1024w\" sizes=\"(max-width: 1325px) 100vw, 1325px\" \/><figcaption id=\"caption-attachment-94731\" class=\"wp-caption-text\">Married Filing Jointly Tax Brackets for Tax Year 2018<\/figcaption><\/figure>\n<h2>How Does Crypto Mining Income Affect Taxes?<\/h2>\n<p>In addition to cryptocurrency traders, cryptocurrency miners can use deductions to reach lower tax brackets.<\/p>\n<p>A <a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-14-21.pdf\">notice<\/a> that the IRS published in March of 2014 provides some relevant details:<\/p>\n<blockquote><p>\u201c&#8230;when a taxpayer successfully \u201cmines\u201d virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income.\u201d<\/p><\/blockquote>\n<p>If the value of the cryptocurrency you mined decreased and you decide to sell, then that would mean you have triggered a capital loss. You can report this loss in the same way you would if you bought and then sold your coins through an exchange.<\/p>\n<figure id=\"attachment_42862\" aria-describedby=\"caption-attachment-42862\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-42862 size-medium\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-miner-taxes-social-300x158.jpg\" alt=\"\" width=\"300\" height=\"158\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-miner-taxes-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-miner-taxes-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-miner-taxes-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/crypto-miner-taxes-social.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-42862\" class=\"wp-caption-text\">Related:\u00a0<a title=\"The Cryptocurrency Miner\u2019s Guide to Taxes\" href=\"https:\/\/cryptoslate.com\/crypto-miner-taxes\/\">The Cryptocurrency Miner\u2019s Guide to Taxes<\/a><\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.cnbc.com\/2018\/04\/13\/how-to-handle-bitcoin-tax-situations-like-airdrops-and-mining.html\">IRS analysts told<\/a> CNBC that electricity costs and other expenses may be written off as well.<\/p>\n<p>In an <a href=\"https:\/\/bravenewcoin.com\/insights\/must-ask-questions-for-your-crypto-accountant-at-tax-time\">interview with Brave New Coin<\/a>, Jeff Vandrew, an Attorney, a Certified Public Accountant and a Certified Financial Planner, said that cryptocurrency miners could qualify for the Section 179 deduction:<\/p>\n<blockquote><p>\u201cIf you are engaged in mining cryptocurrency, so long as you are doing it on a continuous basis with the expectation of profit, it probably qualifies as a &#8220;trade or business.&#8221; If you qualify, this would allow you to take the generous Section 179 deduction, which allows you to write off the full cost of any specialized hardware you may have purchased.\u201d<\/p><\/blockquote>\n<h2>Where It Gets Complicated<\/h2>\n<p>Figuring out how much you\u2019ve made or lost can be a headache, particularly if you haven\u2019t been keeping track of your purchases, or if you placed a huge amount of trade orders last year.<\/p>\n<p>Sorting out how much you lost or earned requires access to historical pricing data. Without that historical data, you won\u2019t be able to determine what the price of your crypto asset was when you bought and sold it.<\/p>\n<h2>Cryptocurrency Tax Tools<\/h2>\n<p>Fortunately, there is software available that can crunch all of your crypto tax data for you. The tools from CSV, TaxACT, and TurboTax can import your transactions from all of your cryptocurrency wallets and exchanges. The interface walks you through how to do these imports.<\/p>\n<p>At the end of the import process, you can download IRS <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f8949.pdf\">form 8949<\/a>. This is the form you need to submit to report your loss:<\/p>\n<figure id=\"attachment_94732\" aria-describedby=\"caption-attachment-94732\" style=\"width: 1080px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-94732 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/reports.png\" alt=\"\" width=\"1080\" height=\"678\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/reports.png 1080w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/reports-300x188.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/reports-768x482.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/reports-1024x643.png 1024w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><figcaption id=\"caption-attachment-94732\" class=\"wp-caption-text\">Interface for <a href=\"https:\/\/cointracking.info\/\">CoinTracking.info<\/a><\/figcaption><\/figure>\n<h2>Watch Out for Self-Proclaimed \u2018Crypto Accountants\u2019<\/h2>\n<p>If you use a crypto tax calculator to do your own taxes, filing your taxes is a straightforward process. All you have to do is take the total from IRS form 8949 and transfer that to IRS form 1040 Schedule D.<\/p>\n<p>In fact, most CPAs that work with crypto traders use publicly available software to determine what their clients owe. These tools are not difficult to use and many have free trials which let you see how they work for yourself before you commit.<br \/>\nConclusion<\/p>\n<p>If you lost money in crypto markets last year, you may be able to offset some\u2014or perhaps even all\u2014of those losses at tax time. Reporting your capital losses might help you move to a lower tax bracket. If your deductions qualify you for a lower bracket, filing them could save you thousands of dollars when you submit your taxes this year.<\/p>\n<p><strong>Jan. 1, 2019 03:10 UTC:\u00a0<\/strong>Guest author revised mistakes related to math around &#8216;Tax Examples.'<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you bought Bitcoin and other cryptos when prices were high then there\u2019s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket. What\u2019s more, claiming those losses is easier than you might think. Read on to find out [&hellip;]<\/p>\n","protected":false},"author":119,"featured_media":94735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25891,5790],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Filing Your Crypto Taxes 101<\/title>\n<meta name=\"description\" content=\"If you bought Bitcoin and other cryptos when prices were high then there\u2019s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Filing Your Crypto Taxes 101\" \/>\n<meta property=\"og:description\" content=\"If you bought Bitcoin and other cryptos when prices were high then there\u2019s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-11T17:04:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-04T03:10:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/crypto-taxes-2018-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Munkachy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Filing Your Crypto Taxes 101\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Munkachy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/alex-munkachy\/#person\",\"name\":\"Alex Munkachy\",\"url\":\"https:\/\/cryptoslate.com\/author\/alex-munkachy\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/alex-munkachy\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/alex-munkachy\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/me300x300.png\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/me300x300.png\",\"caption\":\"Alex Munkachy\"},\"jobTitle\":\"Contributing Editor\",\"description\":\"Alex is a digital nomad and a freelance writer. He currently works at CoinTracking.info and CoinIQ. In his spare time, he likes to listen to music and relax...\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},\"headline\":\"Filing Your Crypto Taxes 101\",\"datePublished\":\"2018-12-11T17:04:29+00:00\",\"dateModified\":\"2019-01-04T03:10:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/\"},\"wordCount\":1062,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Guest Post\",\"Taxes\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/#respond\"]}],\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/\",\"url\":\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/\",\"name\":\"Filing Your Crypto Taxes 101\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2018-12-11T17:04:29+00:00\",\"dateModified\":\"2019-01-04T03:10:20+00:00\",\"description\":\"If you bought Bitcoin and other cryptos when prices were high then there\u2019s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Filing Your Crypto Taxes 101\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/33aed950dea9adf08d069c1451a48191\",\"name\":\"Alex Munkachy\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/me300x300-150x150.png\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/me300x300-150x150.png\",\"caption\":\"Alex Munkachy\"},\"description\":\"Alex is a digital nomad and a freelance writer. He currently works at CoinTracking.info and CoinIQ. In his spare time, he likes to listen to music and relax on Spanish beaches.\",\"url\":\"https:\/\/cryptoslate.com\/author\/alex-munkachy\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Filing Your Crypto Taxes 101","description":"If you bought Bitcoin and other cryptos when prices were high then there\u2019s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/","og_locale":"en_US","og_type":"article","og_title":"Filing Your Crypto Taxes 101","og_description":"If you bought Bitcoin and other cryptos when prices were high then there\u2019s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket.","og_url":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/","og_site_name":"CryptoSlate","article_published_time":"2018-12-11T17:04:29+00:00","article_modified_time":"2019-01-04T03:10:20+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/crypto-taxes-2018-social.jpg","type":"image\/jpeg"}],"author":"Alex Munkachy","twitter_card":"summary_large_image","twitter_title":"Filing Your Crypto Taxes 101","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Alex Munkachy","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/alex-munkachy\/#person","name":"Alex Munkachy","url":"https:\/\/cryptoslate.com\/author\/alex-munkachy\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/alex-munkachy\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/alex-munkachy\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/me300x300.png","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/me300x300.png","caption":"Alex Munkachy"},"jobTitle":"Contributing Editor","description":"Alex is a digital nomad and a freelance writer. He currently works at CoinTracking.info and CoinIQ. In his spare time, he likes to listen to music and relax...","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"}},"headline":"Filing Your Crypto Taxes 101","datePublished":"2018-12-11T17:04:29+00:00","dateModified":"2019-01-04T03:10:20+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/"},"wordCount":1062,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Guest Post","Taxes"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/#respond"]}],"copyrightYear":"2018","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/","url":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/","name":"Filing Your Crypto Taxes 101","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2018-12-11T17:04:29+00:00","dateModified":"2019-01-04T03:10:20+00:00","description":"If you bought Bitcoin and other cryptos when prices were high then there\u2019s a silver lining around the gray state of the crypto markets now: any losses you take this year could place you in a lower tax bracket.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/filing-your-crypto-taxes-101\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Filing Your Crypto Taxes 101"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/33aed950dea9adf08d069c1451a48191","name":"Alex Munkachy","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/me300x300-150x150.png","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/me300x300-150x150.png","caption":"Alex Munkachy"},"description":"Alex is a digital nomad and a freelance writer. He currently works at CoinTracking.info and CoinIQ. In his spare time, he likes to listen to music and relax on Spanish beaches.","url":"https:\/\/cryptoslate.com\/author\/alex-munkachy\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/94734"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/119"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=94734"}],"version-history":[{"count":6,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/94734\/revisions"}],"predecessor-version":[{"id":95860,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/94734\/revisions\/95860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/94735"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=94734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=94734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=94734"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=94734"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=94734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}