{"id":1876,"date":"2020-02-04T00:12:22","date_gmt":"2020-02-04T00:12:22","guid":{"rendered":"https:\/\/bitcoin.tax\/podcasts\/?page_id=1876"},"modified":"2024-08-08T14:06:50","modified_gmt":"2024-08-08T22:06:50","slug":"how-the-irs-crypto-tax-faq-affects-filing-taxes","status":"publish","type":"post","link":"https:\/\/bitcoin.tax\/podcasts\/how-the-irs-crypto-tax-faq-affects-filing-taxes\/","title":{"rendered":"Crypto Tax IRS Guidance with Matt Metras"},"content":{"rendered":"<audio class=\"wp-audio-shortcode\" id=\"audio-1876-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3?_=1\" \/><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3\">https:\/\/bitcoin.tax\/podcasts\/podcast-player\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3<\/a><\/audio><div class=\"podcast_meta\"><aside><p><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-download\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3?ref=download\" title=\"Crypto Tax IRS Guidance with Matt Metras \" class=\"podcast-meta-download\">Download file<\/a> | <span class=\"podcast-meta-duration\">Duration: 01:03:40<\/span> | <span class=\"podcast-meta-date\">Recorded on February 4, 2020<\/span><\/p><\/aside><\/div>\n<p><span style=\"font-size: revert; color: initial;\">Matt Metras, an Enrolled Agent at MDM Financial Services and overall crypto tax expert, joins the show to share his perspective on the IRS Rev. Rul. 2019-24 and updated FAQ that were released in October 2019. Matt tells us what he learned from speaking with the author of this guidance, and what all of it means for crypto traders and enthusiasts.<\/span><\/p>\n<h4>Guest<\/h4>\n<p><em>Matt Metras<\/em><\/p>\n<p>Twitter: <a href=\"https:\/\/twitter.com\/EmDeeEm\" target=\"_blank\" rel=\"noopener noreferrer\">@EmDeeEm<\/a><\/p>\n<p>Facebook: <a href=\"https:\/\/www.facebook.com\/bitcointaxesme\" target=\"_blank\" rel=\"noopener noreferrer\">@BitcoinTaxesMe<\/a><\/p>\n<p>Reddit: <a href=\"https:\/\/www.reddit.com\/user\/BitcoinTaxesMe\/\" target=\"_blank\" rel=\"noopener noreferrer\">BitcoinTaxesMe<\/a><\/p>\n<p><a href=\"https:\/\/www.mdmfinancialservices.com\/cryptocurrency\/\" target=\"_blank\" rel=\"noopener noreferrer\">Website<\/a><\/p>\n<h3>Listen<\/h3>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-bitcointaxes-podcast\/id1472061044\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2211 alignnone size-full\" src=\"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2020\/04\/US_UK_Apple_Podcasts_Listen_Badge_CMYK-1.png\" alt=\"\" width=\"166\" height=\"40\" \/><\/a><\/p>\n<h2>Episode Highlights &amp; Discussion<\/h2>\n<h4>New Guidance &#8211; @02:52<\/h4>\n<h4>Questions Created &#8211; @05:30<\/h4>\n<h4>Taxpayer Bill of Rights &#8211; @07:30<\/h4>\n<h4>House Bill 5635 (de minimis) &#8211; @05:30<\/h4>\n<h4>Speaking to the Author &#8211; @16:00<\/h4>\n<h4>Exchanges Sharing Info &#8211; @24:25<\/h4>\n<h4>Is Crypto Taxation Bipartisan &#8211; @30:30<\/h4>\n<h4>Holding Periods and Forked Income- @34:25<\/h4>\n<h4>Quick Summary &#8211; @57:11<\/h4>\n<h2><strong><em>Important Links:<\/em><\/strong><\/h2>\n<p><a href=\"https:\/\/www.irs.gov\/individuals\/international-taxpayers\/frequently-asked-questions-on-virtual-currency-transactions\" target=\"_blank\" rel=\"noopener\">IRS FAQ<\/a><\/p>\n<p><a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/rr-19-24.pdf\" target=\"_blank\" rel=\"noopener\">Rev. Rul. 2019-24 (PDF)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matt Metras, an Enrolled Agent at MDM Financial Services and overall crypto tax expert, joins the show to share his perspective on the IRS Rev. Rul. 2019-24 and updated FAQ that were released in October 2019. Matt tells us what he learned from speaking with the author of this guidance, and what all of it [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1880,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"episode_type":"audio","audio_file":"https:\/\/dyk972he7tjqu.cloudfront.net\/crypto-tax-irs-guidance-matt-metras.mp3","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"01:03:40","filesize":"87.46M","filesize_raw":"91707131","date_recorded":"2020-02-04 00:12:22","explicit":"","block":"","footnotes":""},"categories":[1],"tags":[],"series":[15],"class_list":["post-1876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","series-the-bitcointaxes-podcast"],"episode_featured_image":"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2020\/02\/The-BitcoinTaxes-Podcast-Matt-Metras.png","episode_player_image":"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2024\/08\/bitcointaxespodcastimage-150x150-1.jpg","download_link":"https:\/\/bitcoin.tax\/podcasts\/podcast-download\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3","player_link":"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3","audio_player":"<audio class=\"wp-audio-shortcode\" id=\"audio-1876-2\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3?_=2\" \/><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3\">https:\/\/bitcoin.tax\/podcasts\/podcast-player\/1876\/how-the-irs-crypto-tax-faq-affects-filing-taxes.mp3<\/a><\/audio>","episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","class":"apple_podcasts","icon":"apple-podcasts.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"rss":{"key":"rss","url":"","label":"RSS","class":"rss","icon":"rss.png"},"spotify":{"key":"spotify","url":"","label":"Spotify","class":"spotify","icon":"spotify.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"}},"rssFeedUrl":"https:\/\/bitcoin.tax\/podcasts\/feed\/podcast\/the-bitcointaxes-podcast","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"sCf5l7Sypv\"><a href=\"https:\/\/bitcoin.tax\/podcasts\/how-the-irs-crypto-tax-faq-affects-filing-taxes\/\">Crypto Tax IRS Guidance with Matt Metras<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/bitcoin.tax\/podcasts\/how-the-irs-crypto-tax-faq-affects-filing-taxes\/embed\/#?secret=sCf5l7Sypv\" width=\"500\" height=\"350\" title=\"&#8220;Crypto Tax IRS Guidance with Matt Metras&#8221; &#8212; BitcoinTaxes Podcasts\" data-secret=\"sCf5l7Sypv\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! 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