Start here5 min read
The Ultimate Guide to Reporting Crypto Staking Rewards
As the world of cryptocurrency continues to evolve, staking has emerged as a popular way for investors to earn rewards. However, with the potential for…
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DeFi, staking & tokens
Tax considerations for staking, DeFi, airdrops, NFTs, and tokens.
17articles
Filing & compliance5 min read
How to Report Decentralized Finance (DeFi) Interest on Tax Returns
Classify DeFi interest, rewards, fees, and token receipts, then preserve transaction data and verify the U.S. tax treatment for your facts.
Read articleCrypto tax5 min read
Understanding the Tax Implications of Fractionalized NFTs
The rise of Non-Fungible Tokens (NFTs) has taken the digital world by storm, providing unique opportunities for artists, investors, and collectors…
Read articleFiling & compliance4 min read
How to Report Crypto Airdrops on a U.S. Tax Return
Determine whether a crypto airdrop created income, when control arose, how to value tokens, and what records to preserve for a U.S. return.
Read articleDeFi & staking4 min read
Are Liquidity Pool Rewards Taxable in the United States?
Classify LP fees, incentive tokens, receipt tokens and withdrawals before reporting income or gain. IRS guidance does not provide one universal LP rule.
Read articleCrypto tax5 min read
Are Token Migrations and Contract Upgrades Taxable Events?
The intricate landscape of cryptocurrency taxation can be daunting, especially when it comes to understanding whether token migrations and contract…
Read articleCrypto tax6 min read
Understanding the Tax Implications of Hard Forks in Blockchain
The world of cryptocurrency is ever-evolving, with innovations like hard forks adding complexity to the landscape. As digital currencies like Bitcoin and…
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Understanding the Tax Implications of Cross Chain Token Swaps
As cryptocurrency continues to evolve, one of the emerging trends is cross chain token swaps. These transactions allow users to exchange tokens from…
Read articleCrypto tax8 min read
What are the tax rules for crypto tokens tied to real world assets
Crypto tokens tied to real world assets (RWAs)—such as tokenized real estate, commodities, stocks, or even fiat currencies—are an increasingly popular…
Read articleDeFi & staking8 min read
Koinly for DeFi Staking and NFT Tax Transactions: A Comprehensive Guide for U.S. Taxpayers (2024)
Decentralized finance (DeFi) and non-fungible tokens (NFTs) have transformed the cryptocurrency landscape, offering new opportunities—and new tax…
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Are NFT Sales Subject to the Same Taxes as Fungible Tokens?
With the rise of blockchain technology and digital assets, both fungible tokens like Bitcoin and Ethereum, and non-fungible tokens (NFTs) have gained…
Read articleCrypto tax5 min read
How Are DAO Tokens Taxed in the United States?
Classify DAO token purchases, rewards, compensation, airdrops and disposals for U.S. federal tax, with a records checklist and important legal caveats.
Read articleCrypto tax5 min read
Understanding the Tax Implications of Wrapping Tokens like WBTC and WETH
In the United States, the tax treatment of cryptocurrency transactions, including the wrapping of tokens such as Wrapped Bitcoin (WBTC) and Wrapped Ether…
Read articleDeFi & staking5 min read
Is Liquidity Provider Token Creation a Taxable Event?
The process of creating liquidity provider (LP) tokens has become increasingly popular among crypto investors looking to earn passive income. However…
Read articleDeFi & staking4 min read
How U.S. Staking Rewards Are Taxed Upon Receipt
Record staking rewards when dominion and control arises, establish dollar value and basis, and separate later disposals, locked rewards and business…
Read articleTax calculations5 min read
Understanding the Cost Basis of Tokens Received During a Network Split
When a blockchain undergoes a network split, often referred to as a hard fork, existing token holders may find themselves in possession of new tokens…
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Are Play-to-Earn Gaming Token Rewards Considered Taxable Income?
As the world of cryptocurrency continues to expand, innovative models such as play-to-earn (P2E) gaming have captured the interest of both gamers and…
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