Financial Reporting (ASC 718)

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How are crypto and digital assets taxed?

  • 1.  How are crypto and digital assets taxed?

    Posted 11-16-2022 13:16

    Hello!

    In today's ever-changing tax environment, it's important to stay on top of changes. Our Carta editorial team has recently shared a blog post outlining how crypto and digital assets-such as cryptocurrencies and NFTs-are taxed. This is done differently depending on the type of asset, how long you've held it, and in some cases, how you obtained it. If you've bought, traded, or mined crypto or digital assets in the past year, you're required to report that activity on your U.S. tax return.

    In this guide to crypto and digital asset taxes, we'll cover:

    Check out the complete blog post here.

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    Brent Devey
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