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US Crypto Tax
Answers to commonly asked questions about US Crypto taxes.
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?
How much crypto tax do I owe?Calculating how much you owe on crypto trades can be confusing - Here is some more info
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”
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!
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?
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.
Which cost basis method should I use to calculate cryptocurrency taxes?FIFO? LIFO? HIFO? Help!
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
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
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
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