Cryptocurrency Taxation
Cryptocurrency and taxes are two things that most people do not like to talk about, but it is a necessary step if you are a crypto investor. People are making a lot of money on Bitcoin and other cryptos, and they want their share.
As cryptocurrency evolves, more and more financial products are introduced into the crypto ecosystem. When we first started, Bitcoin taxation basically consisted of selling coins and figuring out mining proceeds. That was it.
The evolution of cryptocurrency has brought with it many different scenarios. We know have staking, air drops, forks, DeFi, farming, NFTs and crypto loans, among many other areas.
While taxation isn’t 100% clear for all of these new scenarios, we can help apply taxation laws that are currently in place and use the guidance that the IRS has given us to apply those laws properly.