CoinTaxGuide

CoinTaxGuide

The Beginner’s Guide to Understanding Cryptocurrency Taxes

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The best guidance from crypto-savvy tax professionals They’ve been helping traders with these exact questions and situations for years, and now the accountants and IRS-certified tax professionals at Ledger have put together this must-have information for cryptocurrency traders. You’ll know exactly what to expect for tax season and the best ways to track and report your trades.
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What do you think? …

Brianna Bond
ScoutDocs
Maker
The most recent version went out 1/15/18! We cover airdrops and forks. We're averaging two updates a month. Whew!
Talon Hicken
@bondbriannabond Is this project dead? The 'GET IT' button seems dead, at least.
Joji Thumma
So just transferring crypto currency from one exchange to another exchange will be taxable.
Brianna Bond
ScoutDocs
Maker
@jojithumma the current consensus is no- only if you change the type of coin. otherwise it’s just like moving dollars between drawers in your house. but if you turn ETH into LTC, or something like that- yes, taxable event.
Nick Abouzeid
Ramp
Hey Brianna! Love this stuff - this entire realm is stupidly confusing for no reason. How did you and the Ledger team put this together? Who did you work with?
Brianna Bond
ScoutDocs
Maker
@nickabouzeid Hi Nick! I've run my accounting and tax agency for nearly a decade. My team of IRS-certified tax pros/CPA's and I spent a good chunk of last year helping individuals learn what will happen regarding taxes on their cryptocurrency, and finally decided to put it into a useful guide. I think the best part is that it comes with lifetime updates— it will be super important to people to have qualified pros explaining things as tax laws surrounding cryptocurrency indubitably change.
Trevor Davis

Please, no more fucking cryptocurrency tools. You will look silly in six months when this idiocy crashes the global economy.

Pros:

potential arbitrage

Cons:

contributing to the downward spiral of the global economy