Tag: Untangling DeFi

Navigating the world of cryptocurrency can feel like exploring a new frontier, filled with exciting opportunities and innovative technologies. However, just like in the traditional financial world, understanding the tax implications of your Crypto activities is crucial. Ignoring crypto tax obligations can lead to penalties and legal issues. This guide will break down everything you need to know about crypto tax, from defining taxable events to understanding reporting requirements, ensuring you stay compliant and informed. Understanding Crypto Tax Basics What is Taxed in the Crypto World? Cryptocurrency, for tax purposes, is generally treated as property. This means that similar to stocks or real estate, its sale or exchange can trigger taxable events. Selling Crypto: Selling your crypto f...