Decrypting Crypto Taxes: The Complete Guide to Cryptocurrency and NFT Taxation
By Micah Fraim
- Release Date: 2022-08-01
- Genre: Business & Personal Finance
Description
Cryptocurrency is amazing. Crypto, NFTs, and blockchain technology are causing major disruptions in multiple sectors and are likely to bankrupt at least a few well-established industries. Its importance cannot be overstated.
Cryptocurrency taxes on the other hand are…less than amazing. Because of how quickly crypto changes, governments are often years behind on realizing that certain technologies exist, let alone actually issuing regulations on them.
With this, crypto investors are often the ones left in the lurch. They have no idea how to file their taxes – let alone plan for them – because no guidance exists.
The purpose of this book is to fix this issue. Inside, you’ll find answers to 35 frequently asked questions on crypto taxes: liquidity pools, nodes, NFTs, the best accounting method for your trading strategy, and more.
Our goal in this is to take the fear away from your crypto taxes, reduce the amount of tax you pay, and ultimately make more money with your crypto investing.