How Crypto Income, Margin, and NFTs are Taxed
Welcome to our new multi-part series on crypto taxation! Every week we’ll be exploring a different facet of cryptocurrency taxation. In today’s episode, the second part of the series, we go over more advanced aspects of cryptocurrency taxation, everything from staking, margin, airdrops, gifts, donations, defi, etc. – all of the more advanced facets of cryptocurrency taxation that are more and more popular every day.
- Review of basic crypto taxation and exactly where they are reported on tax forms (01:36)
- If you can you use a 1031 like-kind exchange (10:20)
- Receiving a 1099 from an exchange and what you should do (15:10)
- How you should report margin trading, staking and loans (23:30)
- What you should be aware with NFTs and minting (29:40)
In future episodes of the series, we’ll be discussing tax implication strategies, long and short term gains, tax loss harvesting, cryptocurrency regulations, including past regulations, current regulations, where the future regulations may go, and how those regulations affect you as a taxpayer. We’ll discuss cryptocurrency audits, which are becoming more and more frequent every tax year. And finally, we’ll be discussing real and hypothetical cryptocurrency tax situations with tax professionals. We’ll discuss cryptocurrency audits, which are becoming more and more frequent every tax year. And finally, we’ll be discussing real and hypothetical cryptocurrency tax situations with tax professionals who have been in this space for years. You DO NOT want to miss this series – everything you need to know about crypto taxation will be answered.
Guest
Matt Metras
Twitter: @EmDeeEm
Facebook: @BitcoinTaxesMe
Reddit: BitcoinTaxesMe
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