Explore Cointelegraph's variety of easy-to-follow "How to" guides to understand the complexities and harness the potential of crypto, blockchain, and AI
Because you held the stocks and crypto for more than one year, they would be long-term gains and losses. In this example, you could use $2,000 to offset your $2,000 gain and the remaining $2,000 to offset your personal income. Using the same example, let’s say you sold Ethereum...
If you were stuck calculating your gains and losses by hand this past tax season, you know first-hand how difficult it is to find historical price data for all of your trades. Doing this for coin-to-coin trades is even more of a hassle as you need peg the value of each trade to a...
Here are the basic steps to make a crypto funding rate calculation: Identify price discrepancy: Calculate the difference between the asset’s futures and spot market prices. Calculate the rate of discrepancy: Calculate the rate of discrepancy as a percentage of the market price. Determine the fund...
Crypto Calculator Estimate capital gains, losses, and taxes for cryptocurrency sales Get started Self-Employed Tax Deductions Calculator Find deductions as a 1099 contractor, freelancer, creator, or if you have a side gig Get started ItsDeductible™ See how much your charitable donations are wo...
Know how much to withhold from your paycheck to get a bigger refund Get started Self-Employed Tax Calculator Estimate your self-employment tax and eliminate any surprises Get started Crypto Calculator Estimate capital gains, losses, and taxes for cryptocurrency sales Get started Self-Employed Tax Ded...
Use tax loss harvesting. If you've had gains and losses on different types of cryptocurrency, you can sell both and use the losers to offset your gains. Consider investing in crypto through anindividual retirement account (IRA)for tax benefits. While you typically can't buy cryptocurrenci...
Cryptocurrency is treated like property for tax purposes. You have gains and losses on your crypto. Depending on how many trades you did, this can be a daunting task. Some exchanges just send you a Form 1099-B which simply shows your proceeds (buys and sells combined) and requires you to...
Knowing how to calculate your AGI (adjusted gross income) is necessary when filing taxes and determining your eligibility for credits, deductions, and more. Your AGI includes income such as W-2 wages, self-employment earnings, and capital gains, minus certain deductions, such as student l...
With 2022 coming to a close, crypto investors can now use Accointing’s crypto tax software to calculate their net tax for all transactions from this year