Cryptocurrency Taxation in Canada

In Canada, Bitcoin and cryptocurrencies are considered commodities by The Canada Revenue Agency (CRA). The CRA treats cryptocurrency trades as barter transactions, which makes them subject to the income tax. The gains and losses from these trades must be reported when filing your taxes, where most individuals would report these…

Top 10 Things to Know About Crypto Taxes

The IRS opened their e-filing on January 28th and many people are now filing their taxes. While the new tax laws have changed a few things this year, most rules regarding cryptocurrencies have remained the same. If you are new to including cryptocurrency in your tax returns, or just could…

Import directly into TurboTax Online using Bitcoin.Tax

[Update 2/4/2019 - TurboTax Online have increased their imports limits to only allow files with up to 250 lines. Please read below if you have more than 250 entries.] BitcoinTaxes and Intuit® have partnered for this year's tax season and can now help users import their cryptocurrency…

UK HMRC Crypto Tax Policy

In December 2018, Her Majesty's Revenue & Customs (HMRC) in the UK issued an update to their policy on how to treat cryptoassets (cryptocurrencies) for individuals. The latest release of BitcoinTaxes now supports this policy and is available to our UK users. Capital Gains Tax (CGT) HMRC does not consider…

Crypto tax losses can be a tax deduction. Should you sell?

2018 has been an interesting year for crypto-currency markets. Starting with record highs in January, we have seen a steady decline throughout the year to a point where prices are back to the levels of 13 months ago (~$4,800 on 10th Oct 2017) While 2017 saw records gains in…