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Tax Week

Making sense of your crypto taxes. Presented by Koinly.

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CDCROP: Caution Taxes Ahead (Yunha Lee/CoinDesk)
Top Five Crypto Tax Questions, Answered

Tax experts weigh in on how the IRS views crypto trading profits, gifts, mining rewards and more.

CDCROP: Caution Taxes Ahead (Yunha Lee/CoinDesk)
CDCROP: non fungible tokenabbreviated as NFT in white letters on red dice against the background of dollars. new way to get rich (Getty Images)
Do You Owe Taxes on Your NFT?

Here are the NFT-related rules of thumb to consider when filing your 2022 taxes.

CDCROP: non fungible tokenabbreviated as NFT in white letters on red dice against the background of dollars. new way to get rich (Getty Images)
CDCROP: Taj Mahal (Julian Yu/Unsplash, modified by CoinDesk)
The State of Crypto Taxation in India: Past, Present and Future

Even though the legality of crypto in India is still a matter of debate, new crypto tax laws are already affecting businesses and individuals.

CDCROP: Taj Mahal (Julian Yu/Unsplash, modified by CoinDesk)
CDCROP: (Scott Graham/Unsplash, modified by CoinDesk)
The Tax Implications of the FTX Bankruptcy

As of right now, all funds are frozen, which means FTX users are stuck. What will this mean for taxpayers?

CDCROP: (Scott Graham/Unsplash, modified by CoinDesk)
CDCROP: 25th December 1776:  George Washington crosses the Delaware River into Pennsylvania and with a surprise attack defeats Hessian soldiers employed by the British in the Battle of Trenton. (MPI/Getty Images)
Crypto Can De-Escalate the Tax War

The transparency and immutability of blockchain transactions could allow for tax assessment and collection to be vastly more efficient than the status quo.

CDCROP: 25th December 1776:  George Washington crosses the Delaware River into Pennsylvania and with a surprise attack defeats Hessian soldiers employed by the British in the Battle of Trenton. (MPI/Getty Images)
CDCROP: (Tyler Franta/Unsplash, modified by CoinDesk)
Use Your Crypto Losses to Turn the Tables Against the IRS

If you’re a high earner or someone who lives in a high-tax state, you should look into tax-loss harvesting. You may be able to save up to 50% on your capital gains tax bill.

CDCROP: (Tyler Franta/Unsplash, modified by CoinDesk)
CDCROP: (Recha Octaviani/Unsplash, modified by CoinDesk)
The Tax Impact of This Year’s Platform and Protocol Failures

The Celsius Network bankruptcy and the failure of Terra have caused many questions for taxpayers caught in the middle.

CDCROP: (Recha Octaviani/Unsplash, modified by CoinDesk)
CDCROP: Piggy bank bent forward change money coins (Andre Taissin/Unsplash, modified by CoinDesk)
The Silver Lining of a Crypto Market Decline: Tax Savings

Taking a moment to employ the right tax-reduction tactics could wind up saving you thousands on your tax bill.

CDCROP: Piggy bank bent forward change money coins (Andre Taissin/Unsplash, modified by CoinDesk)
CDCROP: Pay Your Tax Now Here! Taxes (The New York Public Library/Unsplash)
Crypto Capital Gains and Tax Rates 2022

Love it or hate it, tax season is here and that means all U.S. citizens that traded or sold crypto over the last year will be required to report their gains and losses. This piece is part of CoinDesk's Tax Week.

CDCROP: Pay Your Tax Now Here! Taxes (The New York Public Library/Unsplash)
CDCROP: Cityscape Wilmington USA, Delaware, Wilmington skyline on the Christina River, dusk. (Walter Bibikow/Getty Images)
What's the Matter With Delaware? How Joe Biden's Home State Became a Global Tax Avoidance Hub

Delaware is helping companies cheat the other 49 states of tax revenues – and that’s just the tip of the iceberg.

CDCROP: Cityscape Wilmington USA, Delaware, Wilmington skyline on the Christina River, dusk. (Walter Bibikow/Getty Images)
CDCROP: Arrows one way, going your own way, against the grain crowd (Unsplash, modified by CoinDesk)
Crypto Users Want to Pay Taxes, but We Need Clearer Rules

The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.

CDCROP: Arrows one way, going your own way, against the grain crowd (Unsplash, modified by CoinDesk)
CDCROP: Calculator taxes tax prep (Kelly Sikkema/Unsplash, modified by CoinDesk)
Understanding the Tax Implications of NFTs, Staking and Yield Farming

Individuals and institutions should carefully consider their tax obligations and, in the absence of official guidance, consult tax professionals or take the most conservative approach to avoid costly future audits.

CDCROP: Calculator taxes tax prep (Kelly Sikkema/Unsplash, modified by CoinDesk)

Opinion and Guides

CDCROP: NFTs and money (erfouris studio/Pixabay)
The NFT Creator's Guide to Year-End Tax Planning

A step-by-step guide to help NFT artists navigate taxes and find ways to reduce their tax bill.

CDCROP: NFTs and money (erfouris studio/Pixabay)
CDCROP: Tax Withholding forms Taxes Prep (Kelly Sikkema via Unsplash, modified by CoinDesk))
The Pitfalls of Being Paid in Crypto

With marginal rates, excise tax and the potential for foreign tax credit mismatch, crypto income could be taxed at an 80% or higher.

CDCROP: Tax Withholding forms Taxes Prep (Kelly Sikkema via Unsplash, modified by CoinDesk))
(Crissy Jarvis/Unsplash)
Say Goodbye to Proprietary Tax Prep Software

Web3 tax help is a multibillion-dollar opportunity, and a way to plug the gap the government has around tax help and out-compete centralized companies like TurboTax.

(Crissy Jarvis/Unsplash)
Tax paperwork (Pixabay)
How to Benefit From Tax-Loss Harvesting in Crypto

The year 2022 has been rough in the markets, but one way to take the sting out of losses is to take advantage of tax-loss harvesting to offset any capital gains from other profits.

Tax paperwork (Pixabay)
CDCROP: South America close up on globe (Shutterstock)
How Bad Tax Policy Drives DAOs Out of the US

Despite crypto-friendly laws in Wyoming, most DAOs are choosing to incorporate overseas.

CDCROP: South America close up on globe (Shutterstock)
CDCROP: Tax Week forms prep (Kelly Sikkema/Unsplash)
The Key to Taxing Digital Assets Is Finding the Right Cubbyhole

The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.

CDCROP: Tax Week forms prep (Kelly Sikkema/Unsplash)
CDCROP: Arrows one way, going your own way, against the grain crowd (Unsplash, modified by CoinDesk)
Crypto Users Want to Pay Taxes, but We Need Clearer Rules

The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.

CDCROP: Arrows one way, going your own way, against the grain crowd (Unsplash, modified by CoinDesk)
CDCROP: Crypto Exchange FTX Grapples With 'Liquidity Crunch' As Binance Deal Fades (Leon Neal/Getty Images)
If You Lost Money on FTX, You May See Some Tax Relief

Tax expert Victoria J. Haneman compares Sam Bankman-Fried's crypto trading empire to Bernie Madoff's Ponzi scheme to glean what the FTX fallout could mean for tax filers.

CDCROP: Crypto Exchange FTX Grapples With 'Liquidity Crunch' As Binance Deal Fades (Leon Neal/Getty Images)
CDCROP: EY (Shutterstock)
EY’s Crypto Tax Leader Breaks Down What You Need to Know This Tax Season

Use data aggregators, get a trusted adviser and learn to live with a little uncertainty.

CDCROP: EY (Shutterstock)
CDCROP: Chain link lock (Markus Winkler/Unsplash, modified by CoinDesk)
What Will It Look Like When Taxation and Privacy Collide?

What if instead of private protocols enabling tax avoidance or evasion, privacy in web3 actually enhanced tax reporting?

CDCROP: Chain link lock (Markus Winkler/Unsplash, modified by CoinDesk)
CDCROP: DJ mixing music (Marcela Laskowski/Unsplash, modified by CoinDesk)
Taxes and Music NFTs: A Match Made in Hell?

If laws around taxation are confusing for crypto and art-focused NFTs, music is a whole other can of worms.

CDCROP: DJ mixing music (Marcela Laskowski/Unsplash, modified by CoinDesk)
CDCROP: Calculator taxes tax prep (Kelly Sikkema/Unsplash, modified by CoinDesk)
Understanding the Tax Implications of NFTs, Staking and Yield Farming

Individuals and institutions should carefully consider their tax obligations and, in the absence of official guidance, consult tax professionals or take the most conservative approach to avoid costly future audits.

CDCROP: Calculator taxes tax prep (Kelly Sikkema/Unsplash, modified by CoinDesk)
CDCROP: Tax Preparation Prep Taxes (Dimitri Karastelev/Unsplash, modified by CoinDesk)
Common Tax and Compliance Challenges for Enterprises in Crypto

The latest wave of crypto adoption has created new tax and compliance challenges, so it's up to crypto-natives to help Fortune 500 companies bridge the chasm.

CDCROP: Tax Preparation Prep Taxes (Dimitri Karastelev/Unsplash, modified by CoinDesk)
CDCROP: 25th December 1776:  George Washington crosses the Delaware River into Pennsylvania and with a surprise attack defeats Hessian soldiers employed by the British in the Battle of Trenton. (MPI/Getty Images)
Crypto Can De-Escalate the Tax War

The transparency and immutability of blockchain transactions could allow for tax assessment and collection to be vastly more efficient than the status quo.

CDCROP: 25th December 1776:  George Washington crosses the Delaware River into Pennsylvania and with a surprise attack defeats Hessian soldiers employed by the British in the Battle of Trenton. (MPI/Getty Images)
CDCROP: (Tyler Franta/Unsplash, modified by CoinDesk)
Use Your Crypto Losses to Turn the Tables Against the IRS

If you’re a high earner or someone who lives in a high-tax state, you should look into tax-loss harvesting. You may be able to save up to 50% on your capital gains tax bill.

CDCROP: (Tyler Franta/Unsplash, modified by CoinDesk)
CDCROP: Piggy bank bent forward change money coins (Andre Taissin/Unsplash, modified by CoinDesk)
The Silver Lining of a Crypto Market Decline: Tax Savings

Taking a moment to employ the right tax-reduction tactics could wind up saving you thousands on your tax bill.

CDCROP: Piggy bank bent forward change money coins (Andre Taissin/Unsplash, modified by CoinDesk)
CDCROP: (Recha Octaviani/Unsplash, modified by CoinDesk)
The Tax Impact of This Year’s Platform and Protocol Failures

The Celsius Network bankruptcy and the failure of Terra have caused many questions for taxpayers caught in the middle.

CDCROP: (Recha Octaviani/Unsplash, modified by CoinDesk)
CDCROP: Museum of Modern Art, New York. (Jamison McAndie/Unsplash)
NFT Art Museum Donations? The Pros and Cons for Your Tax Bill

Appraising historically significant non-fungible tokens has been a head scratcher for collectors and charities.

CDCROP: Museum of Modern Art, New York. (Jamison McAndie/Unsplash)
CDCROP: hold hodl hodling (Marco Bianchetti/Unsplash, modified by CoinDesk)
Why Selling Some Bitcoin at a Loss Can Maximize Your Hodling Potential

How to sell your bitcoin for tax advantages without interrupting your strategy to hold for the long term.

CDCROP: hold hodl hodling (Marco Bianchetti/Unsplash, modified by CoinDesk)
CDCROP: Hole looking up (Artem Maltsev/Unsplash)
4 Crypto Tax Myths You Need to Know

With the U.S. tax deadline (April 18) around the corner, confusion about cryptocurrency taxes abounds. Here are some ways you might have your facts wrong, according to ZenLedger COO, Dan Hannum. This piece is part of CoinDesk's Tax Week.

CDCROP: Hole looking up (Artem Maltsev/Unsplash)
CDCROP: Calculator (Annie Spratt/Unsplash, Modified by CoinDesk)
What Advisors Need to Know About Crypto Taxation

A sizable proportion of “advisor alpha” can be generated from effective investment-related tax planning strategies alone.

CDCROP: Calculator (Annie Spratt/Unsplash, Modified by CoinDesk)
CDCROP: Robot hand typing keypad calculator taxes tax help (Melody Wang/CoinDesk)
The Automatic Tax Man Cometh

Crypto won’t save you from taxes, but it may eventually make them easier to pay, says futurist Dan Jeffries. This piece is part of CoinDesk's Tax Week.

CDCROP: Robot hand typing keypad calculator taxes tax help (Melody Wang/CoinDesk)
CDCROP: George Baxter, 1843 - The Wreck of the Reliance
How to Avoid Getting Rekt by Crypto Taxes

Tax guidance lags innovation. So does tax software. Meanwhile, misconceptions abound. If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill. This piece is part of CoinDesk's Tax Week.

CDCROP: George Baxter, 1843 - The Wreck of the Reliance
(Gez Xavier Mansfield/Unsplash, modified by CoinDesk)
Why Crypto Taxes Get Complicated (Especially for Institutions)

From "impermanent losses" to loan-to-value ratios, financial institutions need to keep track of a lot of data to ensure they remain compliant while participating in DeFi.

(Gez Xavier Mansfield/Unsplash, modified by CoinDesk)
CDCROP: OpenSea Mobile Smartphone NFT (Unsplash)
Why NFT Tax-Loss Harvesting Remains a Challenge for Investors

What does it mean for your tax bill if you lost money trading illiquid non-fungible tokens?

CDCROP: OpenSea Mobile Smartphone NFT (Unsplash)

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