Staking and Yield Farming: Taxation Rules and Best Practices
Introduction to Staking and Yield FarmingIf you’ve been hanging around the crypto world in the U.S., chances are you’ve heard the buzz about staking and yield farming. But what do…
Crypto Losses and Tax Deductions: How to Offset Gains Legally
1. Understanding Crypto Losses in the U.S.When investing in cryptocurrency, its important to know how losses are handled for tax purposes in the United States. The IRS treats digital assets…
Crypto Mining and Taxes: How Miners Are Taxed in the United States
1. Introduction to Crypto Mining and Taxes Cryptocurrency mining is a process where individuals or businesses use computer hardware to validate transactions on a blockchain network. In return for their…
Capital Gains Tax on Crypto: How to Calculate and Reduce Your Liability
1. Understanding Capital Gains Tax on CryptoCryptocurrency is considered property by the IRS, which means that buying, selling, or trading crypto can trigger capital gains tax. Understanding how this tax…
How the IRS Classifies Cryptocurrency: What Every Investor Should Know
1. Understanding the IRSs View on Cryptocurrency When it comes to cryptocurrency, the Internal Revenue Service (IRS) does not treat it as traditional currency. Instead, the IRS classifies cryptocurrency as…
Understanding Crypto Taxation: A Comprehensive Guide for US Investors
1. Introduction to Crypto Taxation As cryptocurrency continues to grow in popularity, investors must understand how digital assets are taxed in the United States. The Internal Revenue Service (IRS) has…