A Tax Professional's Guide to
Cryptocurrency Tax Planning
Download this FREE Guide to Master Cryptocurrency Tax
What's Included in the Guide?
Stay ahead in the fast-evolving world of tax and cryptocurrency taxation by downloading our FREE guide.
- Overview of IRS treatment of cryptocurrencies as property, leading to tax obligations on sales, swaps, or disposals.
- Five strategies for reducing tax liability on cryptocurrency transactions.
- Specific Identification Method: Allows taxpayers to identify and sell specific units to minimize taxes.
- 0% Long-Term Capital Gains Rate: Advanced planning to sell units within the 0% tax bracket.
- Amending Prior Year Returns: Opportunity to claim refunds by changing accounting methods.
- Harvesting Losses: Sell losing positions to offset gains without the wash loss rule applying to crypto.
- Donating or Gifting Appreciated Cryptocurrency: Avoid capital gains tax by donating to charity or gifting to others.
