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      Gumroad Library

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      Basics of Crypto Taxes

      This book explains the key aspects of U.S. income taxation of cryptocurrencies that every individual should know, but don't.

      The two most important things to know about reporting cryptos on your taxes is:

      1) All crypto transactions must be reported on your income taxes, and

      2) There are two anti-money laundering forms most traders need to file with their returns. Not filing these are subject to $10,000+ penalties.

      This book goes into detail about what crypto transactions must be reported. It explains what the anti-money laundering forms are and when they are required to  be filed. 

      This book doesn't explain how to prepare a tax return. It only focuses on the concepts. The intent is to explain the what the IRS requires that most traders don't even understand.

      The author is Clinton Donnelly, the CryptoTaxFixer. He has an advanced law degree and is an Enrolled Agent. For more information visit donnellytaxlaw.com

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      • Size 642 KB
      • Length 35 pages

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