Crypto Taxes Explained For Beginners 2023 | Do I Really Need To Pay In US and Canada? скачать в хорошем качестве

Crypto Taxes Explained For Beginners 2023 | Do I Really Need To Pay In US and Canada?

EP.106 It's tax-filing time, and you're not alone if you're feeling overwhelmed. Are you hoping to correctly guess how much you owe so the IRS doesn't haul you off to jail? Do I have to pay crypto taxes in the US and in Canada? Don't worry, I’ve got your back! In this episode of the Girl In The Verse podcast, Melina sits down with crypto tax professional, Squeeze Taxes to discuss everything you need to know about how crypto taxes work! Are you wondering when to pay crypto taxes, how does crypto taxes work, or why do you have to pay taxes on cryptocurrency? To understand your tax obligations, it's important to ask "how does crypto taxes work?" This involves understanding the tax treatment of various crypto transactions, such as buying, selling, and exchanging cryptocurrencies, as well as the different tax rates and reporting requirements that may apply. We'll also address recent changes to the tax code and how they may impact your return this year. So if you're feeling overwhelmed and unsure about how to approach your crypto taxes, join us for an informative and entertaining discussion that will help take the stress out of tax season! Topics: When to pay crypto taxes? How does crypto taxes work? Why do you have to pay taxes on cryptocurrency? Do we pay taxes on crypto? Is crypto taxed in USA? Is crypto taxed in Canada? When to file crypto taxes? FOLLOW SQUEEZE: Twitter:   / squeezetaxes   LinkedIn:   / squeeze-taxes-075740247   Join the Newsletter: https://girlintheverse.substack.com/ FOLLOW GIRL ON SOCIAL: Twitter:   / girl_intheverse   IG:   / girlintheverse   TikTok:   / girlintheverse   Timestamp 00:00 - Introduction 00:41 - Squeeze Taxes a crypto tax professional 01:54 - Paying attention to the IRS, White House and the government's actions regarding crypto taxation 02:28 - Should I claim my crypto losses to the IRS? 03:00 - Are NFTs taxable? 03:45 - Do I pay tax on staked crypto? 05:44 - Do I pay taxes on crypto claimed rewards? 06:22 - Crypto tax platforms have limitations and require manual edits 07:39 - NFTs are treated similarly to fungible tokens and reported on Form 8949 08:57 - Short-term gains and losses versus long-term gains and losses 09:36 - Tax implications for mining, trading, and investing 11:38 - Tax laws vary by country, and record-keeping is recommended. 12:10 - Is there some sort of record keeping required for your cryptocurrency? 12:40 - It is good practice to keep cryptocurrency records, especially if you ever get subject to an audit 14:24 - can you avoid paying taxes on your crypto gains? 15:41 - Is there an app for crypto taxes 16:15 - crypto tax calculator list 17:47 - What are taxable events in crypto? 18:18 - Conclusion and outro