{"id":3968,"date":"2023-03-09T19:36:01","date_gmt":"2023-03-10T00:36:01","guid":{"rendered":"https:\/\/bitcoin.tax\/podcasts\/?page_id=3968"},"modified":"2024-08-08T14:01:50","modified_gmt":"2024-08-08T22:01:50","slug":"taxes-on-crypto-for-gains-income-margin-and-nfts","status":"publish","type":"post","link":"https:\/\/bitcoin.tax\/podcasts\/taxes-on-crypto-for-gains-income-margin-and-nfts\/","title":{"rendered":"How Crypto Income, Margin, and NFTs are Taxed"},"content":{"rendered":"<audio class=\"wp-audio-shortcode\" id=\"audio-3968-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3?_=1\" \/><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3\">https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3<\/a><\/audio><div class=\"podcast_meta\"><aside><p><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-download\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3?ref=download\" title=\"How Crypto Income, Margin, and NFTs are Taxed \" class=\"podcast-meta-download\">Download file<\/a> | <span class=\"podcast-meta-duration\">Duration: 36:05<\/span> | <span class=\"podcast-meta-date\">Recorded on March 9, 2023<\/span><\/p><\/aside><\/div>\n<p>Welcome to our new multi-part series on crypto taxation! Every week we&#8217;ll be exploring a different facet of cryptocurrency taxation. In today&#8217;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. &#8211; all of the more advanced facets of cryptocurrency taxation that are more and more popular every day.<\/p>\n<div>In this episode, we will be exploring more advanced aspects of cryptocurrency taxes, including:<\/div>\n<ul>\n<li>Review of basic crypto taxation and exactly\u00a0<b>where they are reported<\/b>\u00a0on tax forms (01:36)<\/li>\n<li>If you can you use a 1031\u00a0<b>like-kind<\/b>\u00a0exchange (10:20)<\/li>\n<li>Receiving a\u00a0<b>1099<\/b>\u00a0from an exchange and what you should do (15:10)<\/li>\n<li>How you should report\u00a0<b>margin<\/b>\u00a0trading,\u00a0<b>staking\u00a0<\/b>and\u00a0<b>loans<\/b>\u00a0(23:30)<\/li>\n<li>What you should be aware with\u00a0<b>NFTs<\/b>\u00a0and minting (29:40)<\/li>\n<\/ul>\n<p>In future episodes of the series, we&#8217;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&#8217;ll discuss cryptocurrency audits, which are becoming more and more frequent every tax year. And finally, we&#8217;ll be discussing real and hypothetical cryptocurrency tax situations with tax professionals. We&#8217;ll discuss cryptocurrency audits, which are becoming more and more frequent every tax year. And finally, we&#8217;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 &#8211; everything you need to know about crypto taxation will be answered.<\/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","protected":false},"excerpt":{"rendered":"<p>Welcome to our new multi-part series on crypto taxation! Every week we&#8217;ll be exploring a different facet of cryptocurrency taxation. In today&#8217;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. &#8211; all of the more advanced facets of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"episode_type":"audio","audio_file":"https:\/\/dyk972he7tjqu.cloudfront.net\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"36:05","filesize":"49.56M","filesize_raw":"51965312","date_recorded":"2023-03-09 19:36:01","explicit":"","block":"","footnotes":""},"categories":[1],"tags":[],"series":[15],"class_list":["post-3968","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\/2023\/03\/BT-Insta-1200-\u00d7-628-px.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\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3","player_link":"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3","audio_player":"<audio class=\"wp-audio-shortcode\" id=\"audio-3968-2\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3?_=2\" \/><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.mp3\">https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3968\/taxes-on-crypto-for-gains-income-margin-and-nfts.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=\"gTFNvY8LLn\"><a href=\"https:\/\/bitcoin.tax\/podcasts\/taxes-on-crypto-for-gains-income-margin-and-nfts\/\">How Crypto Income, Margin, and NFTs are Taxed<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/bitcoin.tax\/podcasts\/taxes-on-crypto-for-gains-income-margin-and-nfts\/embed\/#?secret=gTFNvY8LLn\" width=\"500\" height=\"350\" title=\"&#8220;How Crypto Income, Margin, and NFTs are Taxed&#8221; &#8212; BitcoinTaxes Podcasts\" data-secret=\"gTFNvY8LLn\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! 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