Crypto taxable events: how to identify them
Selling, swapping, spending, or earning crypto is taxable, but buying and holding is not. US federal tax returns ask a digital assets question.
By Vahe HakobyanRead
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Selling, swapping, spending, or earning crypto is taxable, but buying and holding is not. US federal tax returns ask a digital assets question.
By Vahe HakobyanRead
Your gain is what the sale brought in minus the fair market value at receipt, which becomes your cost basis and starts the holding period for that token.
By Vahe HakobyanRead
Exchange fees affect your crypto cost basis when they belong to a buy or a sale. Buy fees usually add to your basis; sell fees usually cut your proceeds.
By Vahe HakobyanRead
Track your cost basis when crypto sits in multiple wallets by combining every account's history into one master record and reconciling it for IRS reporting.
By Vahe HakobyanRead
Reconcile transfers between your own wallets by matching dates, amounts, transaction IDs and addresses, then keep accurate fee and basis records.
By Vahe HakobyanRead
You prepare a crypto tax history by putting every exchange, wallet, and DeFi transaction into one list, then reporting gains and income to the IRS.
By Vahe HakobyanRead
Form 8949 is the IRS form you use to report crypto sales, swaps and payments, with totals carried to Schedule D for the capital gains tax calculation.
By Vahe HakobyanRead
Form 1099-DA is the IRS form brokers send for crypto sale proceeds. It reports gross proceeds from tax year 2025, not buying, holding, or your gain.
By Vahe HakobyanRead
An NFT sale at a profit is usually a capital gain in the US. Your taxable gain is what you received minus your cost basis, and you report it on Form 1040.
By Vahe HakobyanRead
Crypto airdrops are usually ordinary income at fair market value when you control them, and the IRS treats digital assets as property for federal tax.
By Vahe HakobyanRead
A crypto to crypto swap is a taxable disposal in the US. You owe capital gains tax on the difference between the value received and your cost basis.
By Vahe HakobyanRead
You determine crypto cost basis by tracking what you paid plus costs, then reporting sales on Form 8949. The IRS treats crypto as property in the US.
By Vahe HakobyanRead
Short-term crypto gains are taxed at ordinary income rates and long-term gains at capital gains rates, with the IRS cutoff at a one-year holding period.
By Vahe HakobyanRead
Crypto capital gains are cost basis subtracted from fair market value at disposal. Holding period decides whether the gain is short-term or long-term.
By Vahe HakobyanRead
Ask what an altcoin does, who runs it, how its tokens unlock, where it trades, and how US law treats it. Check supply, team, liquidity, and tax rules.
By Vahe HakobyanRead
Crypto and gold differ most in custody, volatility, and backing. Crypto risks are lost keys and failed exchanges; gold brings storage and dealer risk.
By Vahe HakobyanRead
A crypto investment thesis is a written case that a token can gain value. It names evidence you can check and the signs that would prove it wrong.
By Vahe HakobyanRead
Assess a crypto investment by use case, team, tokenomics and on-chain activity. Read the whitepaper and tokenomics page, check users, audits and unlocks.
By Vahe HakobyanRead
Crypto taxes are due on sales, swaps and staking rewards, so work out cost basis and holding periods before you sell. Form 1040 asks a digital asset question.
By Vahe HakobyanRead
Crypto correlates with risk assets because buyers treat it as a speculative bet, and the link is strongest with tech stocks and dollar liquidity.
By Vahe HakobyanRead
Selling, swapping, spending, or earning crypto is taxable, but buying and holding is not. US federal tax returns ask a digital assets question.
Your gain is what the sale brought in minus the fair market value at receipt, which becomes your cost basis and starts the holding period for that token.
Exchange fees affect your crypto cost basis when they belong to a buy or a sale. Buy fees usually add to your basis; sell fees usually cut your proceeds.
Track your cost basis when crypto sits in multiple wallets by combining every account's history into one master record and reconciling it for IRS reporting.
Reconcile transfers between your own wallets by matching dates, amounts, transaction IDs and addresses, then keep accurate fee and basis records.
You prepare a crypto tax history by putting every exchange, wallet, and DeFi transaction into one list, then reporting gains and income to the IRS.
Form 8949 is the IRS form you use to report crypto sales, swaps and payments, with totals carried to Schedule D for the capital gains tax calculation.
Form 1099-DA is the IRS form brokers send for crypto sale proceeds. It reports gross proceeds from tax year 2025, not buying, holding, or your gain.
An NFT sale at a profit is usually a capital gain in the US. Your taxable gain is what you received minus your cost basis, and you report it on Form 1040.
Crypto airdrops are usually ordinary income at fair market value when you control them, and the IRS treats digital assets as property for federal tax.
A crypto to crypto swap is a taxable disposal in the US. You owe capital gains tax on the difference between the value received and your cost basis.
You determine crypto cost basis by tracking what you paid plus costs, then reporting sales on Form 8949. The IRS treats crypto as property in the US.
Short-term crypto gains are taxed at ordinary income rates and long-term gains at capital gains rates, with the IRS cutoff at a one-year holding period.
Crypto capital gains are cost basis subtracted from fair market value at disposal. Holding period decides whether the gain is short-term or long-term.
Ask what an altcoin does, who runs it, how its tokens unlock, where it trades, and how US law treats it. Check supply, team, liquidity, and tax rules.
Crypto and gold differ most in custody, volatility, and backing. Crypto risks are lost keys and failed exchanges; gold brings storage and dealer risk.
A crypto investment thesis is a written case that a token can gain value. It names evidence you can check and the signs that would prove it wrong.
Assess a crypto investment by use case, team, tokenomics and on-chain activity. Read the whitepaper and tokenomics page, check users, audits and unlocks.
Crypto taxes are due on sales, swaps and staking rewards, so work out cost basis and holding periods before you sell. Form 1040 asks a digital asset question.
Crypto correlates with risk assets because buyers treat it as a speculative bet, and the link is strongest with tech stocks and dollar liquidity.