Crypto & Bitcoin Taxes Explained – Everything You Need To Know | CryptoTrader.Tax





For more information, Checkout our Complete Guide To Cryptocurrency Taxes:

To learn how to import your cryptocurrency data into TurboTax:

To learn more about the “Cryptocurrency Tax Problem”:

To learn how Cryptocurrency Mining is Treated for Tax Purposes:

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29 comments

  • For more information on EVERYTHING you need to know about crypto & taxes, checkout this help guide: https://cryptotrader.tax/blog/the-traders-guide-to-cryptocurrency-taxes

  • Recent statement from PayPal:

    To help you calculate your gains or losses, we'll provide you with account statements with all your crypto transactions.
    Starting for the 2021 tax year, we'll also provide you with a 1099-B that you can reference when filing your taxes.

  • Hi! Great video🌝 what if my income as a single person is less than 38700$ (meaning I have to pay 12% on gains shortterm) but after selling my Bitcoin for instance for 100000$, does my “income” now increased and now I have to pay 24%?
    Thank you for your time!

  • Mrs Jane is legit and her method works like magic I keep on earning every single week with her new strategy

  • l recommended a professional broker to you guys sometime ago, can I get person who invested with her
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  • Everything goes in cycles , BTC will be no different even more so once the big money is involved, gold is a stable asset goes up slow , but always goes up over time and will continue too until they figure out how to mine it from space . If you're smart have bit of everything , BTC, gold , shares , house and enough cash to last a year of expenses as they all take a turn at the top , this is the true meaning of hedging. Or get greedy think BTC will always be king , put everything into it and feel the pain deep into the future if it does crash or loose favor to another . Yes I hold all of the mentioned + mine ETH and hold a bag of Alts. Anyone that claims they can safely predict the future is a liar. That being said, the market is all about BTC at the moment and i’ll advice current investors and newbies take advantage of FELIX, a pro trader who’s is helping investors and newbies accumulate more bitcoin. You can easily get to Felix on ( l G as *Felixtrades0)

  • You are the bees knees @tycoon_hackings on l.G You are without a doubt the best friend to crypto this world has had. Big fan of you and your mission of making crypto understood, easy to make profitt and even fun to !nvest. If there was a BEST CRYPTO CRONY 2021 award program I would vote for you! Keep up the good work!

  • Words are short for me to express how I feel right now exceptionalcyber on iG just helped me recovered my lost bitcoin, less than half an hour, you are the best hacker so far that I have ever seeing,

  • The best decision I ever made in my life was investing in financial market trust me guys, it pay alot . And I have come to realize that trading bitcoin is more profitable than holding it and waiting for it to skyrocket🥵

  • Hi…Please where can I invest and make good profits without being scared of loosing my money ….I’m actually looking for a good trader that can help me manage my trade and make good profits for me at the end of the day

  • IRS GONNA ARREST US ALL IN A COUPLE YEARS LOL

  • can i just take back the capital i invested in with out taking any profits?

  • Well shit now that Biden is president I think the capital gains tax went up

  • Capital gains and capital losses. What the fuck does that even mean. And why the fuck would you “owe” a percentage to the govt? For what?

  • suppose I traded $10 usdc to ltc and don't cash it out, how to calculate tax on crypto trade then?

  • Why can’t I export it to H&R Block only to TurboTax which I don’t use

  • Stinking government should go after corporations to pay taxes too. Stinking @$$hats protecting the rich from taxes or letting use loopholes in tax laws where’s the loophole for people who don’t want to be ruled by corrupt political @$$holes.

  • Thank you for breaking all this stuff down in plain English such a big help.

  • T J

    So if I follow this right, with all the new cryptos flowing around and blowing up

    If I bought $100 of $eth 6 months ago, TRADED IT for $whtvr and $whtvr blew up and that became worth $100,00 and I traded it back to $eth I would be taxed on that $99,900 gain. If I then SOLD that $eth for $100,000 would I be taxed a second time on the $100,000 since its a second taxable event? Making the total taxable income $199,900 despite only actually realizing $99,900 in gains?

  • So, I previewed my 2021 report so far cause I can't download it, unless I buy it. The question is: in the end, if my capital gain with the trades I made is negative, do I have to report to IRS?

  • is the 37% for 500k and more still applies today?

  • is the 37% for 500k and more still applies today?

  • Ive been shitting myself trying to get a straight answer on how to pay crypto tax (no one gives one) but your site looks like a life saver thank you so much

  • Can someone please tell me that how do we pay taxes if we buy bnb to swap it with safemoon through trust wallet app?

  • Also, shiba inu to the mooooon

  • Taxes, biggest scam ever

  • Question! If you send your crypto to someone else, and they give you cash, and they do the same later to someone else, would they IRS catch on, or is that legal?

  • if i’m single and made less than 20k last year but i made 100k in crypto this year will i only be taxed 12%?

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