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Are you calculating taxes on crypto? How are you doing tax calculations on crypto trading and investing? What crypto tax software are you using? Also, if you know crypto tax rules for your country, do share that as well in the comment section below. ...
make sure you keep an eye out for them. For example, if you opened a brokerage account or startedtrading cryptothen you should expect to have forms for these
It’s important to understand that selling cryptocurrency, trading it for another crypto or even spending it to acquire goods and services are all considered taxable events in Canada and you should track your capital gain / loss when making any such transactions. Meanwhile, simply buying and holdi...
Crypto taxes Australia: Key takeaways Classification: The Australian Taxation Office (ATO) classifies cryptocurrencies as property and applies Capital Gains Tax (CGT) on gains from selling or trading. Tax rates: Income tax rates apply to capital gains, with a 50% discount for cryptocurrencies held...
Trading one type of digital asset for another Using crypto as payment Mining or staking crypto Receiving airdropped tokens Getting paid in crypto Receiving interest or yield in crypto When you sell, trade, or use crypto as a form of payment, you dispose of digital assets; that disposal could...
Posted on Wednesday, March 19, 2025 at 05:31 PM in Audit, Business, Credits, Crypto Digital Currency Assets, Deductions, Filing, Investing Capital Gains, IRS, Recordkeeping, Retirement, Tax evasion, Tax planning, Tax Tip, Taxes | Permalink | Comments (0) Tags: audit red flags, audit tri...
income until you receive the crypto. In effect, the Inland Revenue Service (IRS) waits 36 months to see what will happen. When you receive the crypto, you have $50,000 of income - or more or less, depending on how the crypto has done in the meantime. This income is taxed as wages...
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...
Platforms like Yellow Card have had to adapt to these regulations while still providing efficient trading solutions. What’s Next for Crypto Regulation in Kenya? While crypto taxation is just the beginning, experts predict more changes in Kenya’s crypto laws: ...