Building Your Money Machine
Building Your Money Machine
Mel H Abraham, CPA, CVA, ASA, CSP
What Everyone Needs to Know About Crypto Taxes
34 minutes Posted Mar 13, 2023 at 7:00 am.
Introduction
What is crypto?
Things that aren't taxable when it comes to crypto
Crypto Gifting
Things that are taxable when it comes to crypto
Two types of capital gains
What will trigger capital gain?
What’s taxable as ordinary income?
Calculating the gain or loss on the sale of crypto
The importance of third-party software
Tax Implications of crypto loans
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Show notes

Are you investing in cryptocurrency? Do you know that you may be subject to taxes on your investments?  

Join me in this episode as I dive deep into the topic of crypto taxes. From capital gains to income taxes, I’ll cover the different types of taxes you need to know about. Plus, I’ll provide you with useful tips on how to properly report your crypto earnings to the IRS.

Whether you're a crypto pro or just dipping your toes into the digital asset world, this episode is a must-listen to ensure you're on top of your tax game. Don't miss out on this valuable information – tune in now!

IN TODAY’S EPISODE, I DISCUSS: 

  • Taxable and non-taxable crypto transactions
  • Understanding capital gains in crypto
  • The importance of third-party software for crypto taxes

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