Crypto Taxes Explained: Buying, Trading, Swapping, Staking, Rewards, Airdrops, Mining and More...

This video explains how Crypto taxes work. Whether you bought and sold crypto, got paid in crypto, exchanged one crypto for another, earned rewards, received an airdrop, earned interest, mined crypto, purchased goods or services with crypto or maybe you’re just HODLing, you’re going to want to watch this video because chances are, you have a taxable event that you may need to report on your tax return. You'll also learn if your crypto taxable event is taxed as ordinary income, short term capital gains, long term capital gains or even self-employment income.

Timestamps
0:00 Intro
03:41 Sold Crypto for cash
05:16 Learn and Trade Crypto on Coinbase
06:10 Paid for goods or services using crypto
08:15 Buying/Converting/Exchanging one crypto with another crypto
09:44 Being paid in Crypto or receiving an Airdrop
11:03 Receiving Crypto rewards such as staking or interest
13:03 Use Celsius to earn 8.50% or more on your Crypto
15:15 Mining Crypto
17:30 Use CryptoTrader.Tax to keep track of your Crypto transactions for tax purposes
19:50 Donating Crypto to a qualified tax-exempt charity
20:22 Buying Crypto with cash and just holding it
21:20 Transferring Crypto between one wallet to another or one exchange to another.
22:15 Ordinary income tax, short-term capital gains and long-term capital gains

Coinbase: Receive $10 in free Bitcoin when you buy or sell $100 or more in crypto by using this link: https://bit.ly/coinbasenmcpa

CryptoTrader.Tax: Receive a 10% discount when you use this link https://bit.ly/coinledger and enter promo code “CRYPTOTAX10”.

Celsius: Earn $50 in Bitcoin when you transfer $400 or more and hold it within Celsius for 30 days by using this link: https://celsiusnetwork.app.link/14046...

🌐 Website: https://navimarajcpa.com/

📞 Have Questions? Setup a Meeting: https://calendly.com/navimarajcpa

📋 Enroll In My Course - Small Business Taxes: From Knowing Nothing to Savings Thousands 📋 https://navimarajcpa.com/learn/

📁 Setup your LLC or Corporation for FREE 📁

FileYourBusiness.com: https://www.fileyourbusiness.com/
Inc Authority: http://bit.ly/incauthoritycoupon
IncFile: http://bit.ly/incfilecoupon
ZenBusiness: http://bit.ly/zenbusinesscoupon

If you learned something from this video, please like and subscribe and follow me on my various social media handles below. If you would like to contact me with a specific question, please visit my website or leave me a comment.

Website: https://www.navimarajcpa.com
Email: [email protected]
Instagram:   / navimarajcpa  
LinkedIn:   / navimarajcpa  
Twitter:   / navimarajcpa  
Facebook:   / navi-maraj-cpa-pllc-107003020774608  


This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you.

© Navi Maraj CPA PLLC. All rights reserved.

#crypto #HODL #taxes