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  1. TaxBit
  2. US Taxes

US Taxes

Cost Basis

  • What is Cost Basis?
  • How is the cost basis used for tax purposes?
  • How Can I See the Cost Basis of My Completed Transactions?
  • What is a "Cost Basis Pool"?

Filing Taxes

  • How to File Your 2019 Taxes
  • Can I backfile my cryptocurrency taxes for previous years?
  • When do I need to file my taxes?

Audits

  • What happens if I get audited?

My Taxes Page

  • What is Total Income?
  • What is Estimated Liability?
  • Total Yearly Gains/Losses

Tax Forms

  • Am I required to provide an FBAR to the IRS?
  • What's included in my Tax Forms?
  • Why does my total number of transactions not match the number of lines on my tax forms?

Mining

  • Can I claim a deduction for mining expenses?
  • How is mined cryptocurrency taxed?
  • What are common mining deductions?
  • Do I owe self-employment taxes on mining gains?
  • Is mining considered a business or hobby?
  • What if some of my business and personal expenses overlap?

United States Tax Questions

  • How should I report crypto I sent as a gift or a donation?
  • How should I handle crypto received as a gift?
  • How are crypto sourced credit card rewards taxed?
  • What accounting methods can I use to calculate my cryptocurrency gains/losses?
  • Do wash sales apply to cryptocurrency?
  • What if I have net capital losses for the year?
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