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Categories 12

IRS Says That Like-Kind Exchanges Were Never Allowed for Bitcoin, Ether, and Litecoin
・3 min read・Crypto

IRS Says That Like-Kind Exchanges Were Never Allowed for Bitcoin, Ether, and Litecoin

Tax law prior to January 1, 2018 allowed taxpayers to defer capital gains tax when one type of property was exchanged for a similar type of property (also known as a Like-Kind Exchanges [https://www.irs.gov/businesses/small-businesses-self-employed/like-kind-exchanges-real-estate-tax-tips] ). Some cryptocurrency holders attempted to apply like-kind exchange treatment to crypto-to-crypto trades in 2017 and earlier in an effort to delay capital gains tax. A new IRS memorandum issued on June 18, 20

Shehan Chandrasekera, CPA

・2 min read・Crypto

Biden Proposes More Stringent Regulations To Catch Crypto Tax Evaders

・2 min read・Crypto

IRS Clarifies Bitcoin Cash Hard Fork Tax Implications

・2 min read・Brand

CoinTracker Partners with Wolters Kluwer to Simplify Crypto Taxes for Accountants

・1 min read・Crypto

IRS Extends the Tax Deadline to May 17, 2021

・3 min read・Crypto

How much tax you owe if you spent $69 million on an NFT

・15 min read・Crypto

The first 10 Cryptocurrencies you meet

・2 min read・Crypto

Cryptocurrency Buys Are Not Reportable To The IRS

・2 min read・Brand

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