Decoding Crypto Taxes: Staking, NFTs, And DeFi
Navigating the world of cryptocurrency can be exciting, but understanding the tax implications is crucial for responsible Crypto ownership. Failing to properly report your crypto activities can lead to penalties and legal issues. This comprehensive guide breaks down the complexities of crypto tax, providing you with the knowledge and tools to navigate this evolving landscape confidently.
Understanding Crypto Tax Basics
What is Taxable in the Crypto World?
Cryptocurrencies are generally treated as property by tax authorities like the IRS in the United States and similar bodies in other countries. This means that crypto transactions are subject to capital gains or losses, just like stocks or real estate. The following activities are typically taxable events:
Selling crypto for fiat currency ...








