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US Crypto Tax

US Crypto Tax

Answers to commonly asked questions about US Crypto taxes.

11 articles
Sam Adams avatarDaniel Howitt avatar
Written by Sam Adams and Daniel Howitt

How should I answer "The Cryptocurrency Question" the IRS added to Schedule 1?

At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?
Sam Adams avatar
Written by Sam Adams. Updated over a week ago

How much crypto tax do I owe?

Calculating how much you owe on crypto trades can be confusing - Here is some more info
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

Which taxes apply to cryptocurrency that I have received or earned in the US?

Find out which taxes apply to crypto that you have not “bought”
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

What is classed as a taxable event for cryptocurrencies?

Is selling to fiat taxable? Is trading crypto to another crypto a taxable event? Find out here!
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

How much profit do I need to have made to be liable for crypto tax?

At what point do you need to start paying tax on your crypto trading?
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

Can I use cryptocurrency losses to offset taxable gains?

If you lost money on some cryptocurrency you sold, it could offset any taxes you owe for cryptocurrency you sold for a profit.
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

Which cost basis method should I use to calculate cryptocurrency taxes?

FIFO? LIFO? HIFO? Help!
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

How should I keep track of my crypto trades for tax purposes?

Find out the information that the IRS requires on your crypto trades in order to file your taxes
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

Can I owe more in crypto taxes than the entire value of my crypto portfolio?

Potentially, find out more and what to do in this scenario
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

How do forks impact crypto taxation?

Forks can be an unclear area of crypto taxation - we are here to help you understand how to calculate tax owed on forks
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago

How is staking treated for US crypto taxation?

Staking is an interesting area of cryptocurrency taxation - find out how you should treat it in the US
Daniel Howitt avatar
Written by Daniel Howitt. Updated over a week ago