[Crypto Series] A Primer on Crypto Taxes

Yes, cryptocurrencies are taxed :( In this episode, Nick provides a primer on how they are taxed and which transactions count as a taxable event. He then touches on how to prepare your taxes and the strategies you can implement today to reduce your tax liability. 3:12 - How is Crypto Taxed 4:27 - Taxable & Non-Taxable Events 7:24 - What Tax Forms Do You Need 10:42 - How to Calculate Your Tax Liability 12:05 - How to Save on Crypto Taxes Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com [http://onedayadvice.com/] and mention the podcast. Resources Mentioned: Crypto Tax Software: * Koinly.io [https://koinly.io/?via=4AB6BFB1] * Zenledger.io [http://Zenledger.io] Helpful site for chains that don’t sync to software: Stake.tax [http://Stake.tax] Invest in Crypto inside an IRA (Retirement Account): AltoIRA.com [http://AltoIRA.com]