Crypto Tax Tips: How to Stay Compliant and Save Money

Keep track of all your transactions

The first step to staying compliant with crypto taxes is to keep track of all your transactions.

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This is the amount you paid for the cryptocurrency plus any fees associated with the purchase.

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Use tax-loss harvesting

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Be aware of taxable events: Taxable events in crypto include the sale or exchange of cryptocurrency.

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Receiving cryptocurrency as payment for goods or services, and mining cryptocurrency.

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Don’t forget about crypto-to-crypto trades: Crypto-to-crypto trades are also taxable events.

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If you’re unsure about how to handle your crypto taxes, it’s best to seek professional help.

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