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Crypto and taxes
When crypto is taxed and what the tax authorities expect.
6 guides, in reading order
- How is crypto taxed in the United States?The IRS treats crypto as property. Selling, swapping or spending it can create a capital gain, and crypto earned as pay or rewards is taxed as income.2 min read
- Do you pay tax on crypto if you do not sell?In the US, buying and holding crypto is not taxed. Swapping it, spending it or receiving it as a reward can be, even when no dollars change hands.2 min read
- Crypto tax forms: Form 8949, Schedule D and the 1099-DAForm 1099-DA is what a US crypto broker sends you and the IRS. Form 8949 lists each sale, and Schedule D adds up the gains and losses.2 min read
- Crypto losses and taxesIn the US, a loss on crypto you sell can offset capital gains and up to $3,000 of other income a year. A fall in price alone is not deductible.2 min read
- How is crypto taxed in the UK?In the UK, most people pay Capital Gains Tax when they sell, swap, spend or give away crypto, and Income Tax on crypto received as pay or rewards.2 min read
- How crypto is taxed around the worldMost countries tax crypto as property or an asset, not as money, but the rates and tests vary. India uses a flat rate and Germany a one-year rule.2 min read