Cryptocurrency is no longer just a fad, it is a way of life for many. Fortunes have been made and lost in this very volatile asset class. And when there are profits, there are taxes. With so much misinformation on the internet, this How-to Guide clears up the FUD around crypto tax preparation. For years, some traders thought their gains would be tax free, until the IRS successfully sued Coinbase. With information sharing now in full motion and expected to increase across additional worldwide exchanges, properly paying taxes on crypto trades is the safe way to go.
Whether you are a someone new to crypto investing, been at it for a couple of years, an early adopter or even if you are a tax professional looking to get up to speed on an asset class that is not going away anytime soon, Crypto Taxes Made Happy is for you. In his detailed guide book, accomplished entrepreneur, author, inventor and CryptoTaxPrep.com founder Mario Costanz lays out an extensive roadmap to understanding all of the rules, requirements, intricacies and nuances of crypto tax preparation.
- How Cryptocurrency is treated by the IRS.
- What this means for crypto traders for 2017 tax returns and beyond.
- Strategies to legally minimize your tax liability and stay protected from the IRS.
If you are serious about cryptocurrency, this comprehensive book is one that you NEED to own.
Earning Cryptocurrency Income
Spending Or Lending Cryptocurrency
Virtual Currency Investments
Crypto Donations, Gifts & Inheritances
Crypto IRA, 401k & Life Insurance
Virtual Currency Losses
Exchanging Virtual Currency
Cryptocurrency Tax Reporting
Foreign Asset Reporting
Cryptocurrency Tax Enforcement