How to File Cryptocurrency Taxes? Crypto Tax Guide

Name: How to File Cryptocurrency Taxes? Crypto Tax Guide
Rating: 4.2 (14 reviews)

Learn accounting methods, strategies, and findings about filing cryptocurrency taxes the right way.

Created byToken Metrics

Last updated 6/2022

English

What you'll learn

Learn to file cryptocurrency taxes
Generate tax reports at ease
Find more about taxable and non-taxable events
Explore taxation methods and choosing the best one for you

Course content

3 sections • 20 lectures • 39m total length

Introduction0:47
Token Metrics’ Market Analyst presents our panelist from ZenLedger, Dan Hannum, to showcase a crypto tax platform.

How to Generate Tax Reports for Cryptocurrencies?5:50
Dan walks you through how to use the ZenLedger platform to generate your own tax reports on cryptocurrencies.
Crypto Taxable Events?1:59
Dan explains the three most common taxable events that involve cryptocurrencies.
How Much Taxes Do You Need to Pay?1:13
A quick briefing on the percentage you would have to pay for short-term and long-term capital gains on your crypto assets.
FIFO, LIFO, HIFO Accounting Methods for Crypto1:22
Dan explains the different accounting methods to use when reporting your crypto taxes.
Which Accounting Method to Choose for Crypto?0:30
Dan answers what he believes is the best method to choose if you got into cryptocurrencies early.
Do You Need to Pay Taxes on Crypto Trades?0:39
Dan says how the sale of crypto to fiat and trade from crypto to crypto is still considered a taxable event.
Do You Need to Pay Taxes on Crypto Transfers?0:39
Dan explains how moving your crypto from one exchange to another is non-taxable event.
Minimum Portfolio Value to File Crypto Taxes?0:41
In this video, Dan explains that any taxable event has to be filed regardless of your portfolio value.
How to Pay Taxes on Crypto Airdrops?1:29
Dan explains how to properly pay taxes on any crypto airdrops you may receive.
How to Pay Taxes on Crypto Gifts?1:23
Dan answers how to navigate taxes with any crypto gifts you may receive.
How to Pay Taxes on Staking Rewards?2:03
Dan covers taxable events involved with staking rewards along with a court case that could change the current taxing policies.
How to Report Stolen Cryptocurrencies or Hacks?0:37
Dan explains the correct procedures if you were ever to encounter any scams with your crypto assets.
How to File Cryptocurrency Taxes Properly?0:38
You will learn how to choose the correct duration under which year to file your taxes.
Should You Use Overseas Crypto Exchanges?0:40
Dan provides you with the solution if you were to use an overseas crypto exchange.
Penalties for Not Filing Crypto Taxes?0:44
Dan explains the complications that come with not filing your crypto taxes.
Can Government Track You If You're Not Paying Crypto Taxes?0:59
Dan provides a brief answer on how the government can track your crypto transactions.
Outro0:26
The Token Metrics Team appreciates the time you have spent with us on this course. We hope we have answered any questions you may have had regarding crypto taxes.

Requirements

Basic knowledge of cryptocurrencies and blockchain is required
Basic knowledge of filing taxes is required

Description

Cryptocurrencies have the potential to become the future of money. Therefore, more and more agencies around the world are taxing it heavily.

The IRS, for instance, has been known to take interest in cryptocurrency transactions. If you are involved in any type of crypto-related activity, whether it's trading, mining, investing, or even just holding your coins, then you need to make sure that you report these activities to the IRS.

In this course, we will teach you all the accounting methods to save you the most money, taxable and non-taxable events, and how to generate tax reports for all your activities. We will also cover the penalties for evading cryptocurrency taxes.

By the end of this course, you'll have the skills needed to:

- File cryptocurrency taxes the right way

- Generate tax reports at ease

- Differ between taxable and non-taxable events

- Report different kinds of activities

- Pick the best accounting method for taxation

Token Metrics is on a mission to educate the masses, making people achieve their financial freedom. This "How to File Cryptocurrency Taxes? Crypto Tax Guide" course is our contribution to that mission.

What else do you need help with? Let us know and we'll create a course around that.

Who this course is for:

Cryptocurrency investors looking for tax guidance

How to File Cryptocurrency Taxes? Crypto Tax Guide

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 1min

Course Content17 lectures • 22min

Extras2 lectures • 17min

Requirements

Description

Who this course is for: