United States Tax Questions

Taxable Transactions, loss deduction, transfers, tax rates, IRS 8949 tax form, worthless ICO, cost basis, wallets, forks/airdrops, gifts, wash sales, FIFO

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22 articles in this collection
Written by TaxBit Support

Are cryptocurrency transactions taxable?

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Updated over a week ago

Why should I report my cryptocurrency transactions?

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Updated over a week ago

What if I have net capital losses for the year?

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Updated over a week ago

Do I owe taxes if I transferred cryptocurrency between exchanges or wallets?

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Updated over a week ago

What is the tax rate on capital gains?

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Updated over a week ago

How do I receive my IRS 8949 Tax Form from TaxBit?

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Updated over a week ago

What if I bought an ICO that is now worthless?

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Updated over a week ago

Can I claim the theft loss deduction if my cryptocurrency was stolen?

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Updated over a week ago

How is cost basis calculated?

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Updated over a week ago

Do I need to link exchanges I used in previous tax years?

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Updated over a week ago

What if I only used wallets for storage?

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Updated over a week ago

How is earned cryptocurrency taxed?

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Updated over a week ago

How are forks/airdrops taxed?

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Updated over a week ago

If I purchase something with cryptocurrency is that a taxable event?

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Updated over a week ago

How is cryptocurrency received by gift taxed?

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Updated over a week ago

What if I donate cryptocurrency to a charity?

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Updated over a week ago

Do wash sales apply to cryptocurrency?

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Updated over a week ago

What tax methods can I use to calculate my cryptocurrency gains/losses?

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Updated over a week ago

Why do I owe taxes when my portfolio is worth less than I invested?

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Updated over a week ago

Why does my total number of transactions not match the number of lines on my tax forms?

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Updated over a week ago

When do I need to file my taxes?

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Updated over a week ago

Can I backfile my cryptocurrency taxes for previous years?

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Updated over a week ago