Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, give a full accounting of everything U.S. crypto traders should be aware of as we inch closer to April 18. The two tax experts discuss the latest on how the IRS is approaching crypto taxation, going deep on everything from staking rewards to NFT royalties. Just a heads up: This interview is meant for informational purposes only and should not be construed as financial or tax advice.
Show highlights:
what’s new this year when it comes to reporting crypto transactions
why staking is now firmly on the IRS’s radar
how capital gains tax works for crypto
the types of crypto transactions that are taxable as income
the five situations where a crypto user incurs a taxable event
the types of crypto activity that are not taxable
what crypto holders can do to make tax time easier
the IRS forms you need for various types of crypto transactions
typical mistakes that crypto users make when it comes to filing their taxes
why there’s not much you can do if you have assets stuck in Voyager, Celsius or other bankrupt crypto firms
why you might consider arguing a “theft loss deduction”
what to know about the Ethereum Merge as it relates to taxes
things NFT creators should be aware of during tax time
how the U.S. tax system can or cannot be applied to DeFi
what tax forms you can expect to receive if you’re a Coinbase customer
how corporations holding crypto may soon see favorable changes to current accounting rules
why $5,000 is a key threshold for crypto donations
Thank you to our sponsors!
Crypto.com
FTSE
Halborn
NYU
Links
Previous coverage of crypto taxes on Unchained:
Your 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and More
Everything You Need to Know About Your 2020 Crypto Taxes
Why You Shouldn't Trust Crypto Exchange Reports for Your Taxes
The IRS Is Cracking Down on Crypto Taxes: What You Need to Know
Guests:
Shehan:
Twitter
CoinTracker
Lawrence:
Twitter
Links:
Digital Assets | Internal Revenue Service
IRS CCA 202302012 (Crypto charitable donations)
IRS CCA 202302011 (Coins which have substantially lost in value. Ex: Luna)
MiCA – Overview of the New EU Crypto-Asset Regulatory Framework (Part 1) | HUB | K&L Gates
CNBC: President Joe Biden to sign the bipartisan infrastructure bill into law—here's how crypto investors will be impacted
S&P Global: What the US infrastructure bill means for cryptocurrency brokers and owners
Learn more about your ad choices. Visit
megaphone.fm/adchoicesLawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, give a full accounting of everything U.S. crypto traders should be aware of as we inch closer to April 18. The two tax experts discuss the latest on how the IRS is approaching crypto taxation, going deep on everything from staking rewards to NFT royalties. Just a heads up: This interview is meant for informational purposes only and should not be construed as financial or tax advice.
Show highlights:
what’s new this year when it comes to reporting crypto transactions
why staking is now firmly on the IRS’s radar
how capital gains tax works for crypto
the types of crypto transactions that are taxable as income
the five situations where a crypto user incurs a taxable event
the types of crypto activity that are not taxable
what crypto holders can do to make tax time easier
the IRS forms you need for various types of crypto transactions
typical mistakes that crypto users make when it comes to filing their taxes
why there’s not much you can do if you have assets stuck in Voyager, Celsius or other bankrupt crypto firms
why you might consider arguing a “theft loss deduction”
what to know about the Ethereum Merge as it relates to taxes
things NFT creators should be aware of during tax time
how the U.S. tax system can or cannot be applied to DeFi
what tax forms you can expect to receive if you’re a Coinbase customer
how corporations holding crypto may soon see favorable changes to current accounting rules
why $5,000 is a key threshold for crypto donations
Thank you to our sponsors!
Crypto.com
FTSE
Halborn
NYU
Links
Previous coverage of crypto taxes on Unchained:
Your 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and More
Everything You Need to Know About Your 2020 Crypto Taxes
Why You Shouldn't Trust Crypto Exchange Reports for Your Taxes
The IRS Is Cracking Down on Crypto Taxes: What You Need to Know
Guests:
Shehan:
Twitter
CoinTracker
Lawrence:
Twitter
Links:
Digital Assets | Internal Revenue Service
IRS CCA 202302012 (Crypto charitable donations)
IRS CCA 202302011 (Coins which have substantially lost in value. Ex: Luna)
MiCA – Overview of the New EU Crypto-Asset Regulatory Framework (Part 1) | HUB | K&L Gates
CNBC: President Joe Biden to sign the bipartisan infrastructure bill into law—here's how crypto investors will be impacted
S&P Global: What the US infrastructure bill means for cryptocurrency brokers and owners
Learn more about your ad choices. Visit
megaphone.fm/adchoicesLawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, give a full accounting of everything U.S. crypto traders should be aware of as we inch closer to April 18. The two tax experts discuss the latest on how the IRS is approaching crypto taxation, going deep on everything from staking rewards to NFT royalties. Just a heads up: This interview is meant for informational purposes only and should not be construed as financial or tax advice.
Show highlights:
- what’s new this year when it comes to reporting crypto transactions
- why staking is now firmly on the IRS’s radar
- how capital gains tax works for crypto
- the types of crypto transactions that are taxable as income
- the five situations where a crypto user incurs a taxable event
- the types of crypto activity that are not taxable
- what crypto holders can do to make tax time easier
- the IRS forms you need for various types of crypto transactions
- typical mistakes that crypto users make when it comes to filing their taxes
- why there’s not much you can do if you have assets stuck in Voyager, Celsius or other bankrupt crypto firms
- why you might consider arguing a “theft loss deduction”
- what to know about the Ethereum Merge as it relates to taxes
- things NFT creators should be aware of during tax time
- how the U.S. tax system can or cannot be applied to DeFi
- what tax forms you can expect to receive if you’re a Coinbase customer
- how corporations holding crypto may soon see favorable changes to current accounting rules
- why $5,000 is a key threshold for crypto donations
Thank you to our sponsors!
Crypto.com
FTSE
Halborn
NYU
Links
Previous coverage of crypto taxes on Unchained:
Guests:
Shehan:
Lawrence:
Links:
Learn more about your ad choices. Visit megaphone.fm/adchoices