This E-Book is geared towards U.S. citizens and covers tax reporting from the perspective of (1) a cryptocurrency investor, (2) a Steemit author and (3) a cryptocurrency miner. Thanks for Reading! - @CryptoTax
Note: Feel free to scroll past the updates sections to find the click-through Table of Contents. Look for the Book Icon.
Updated since the 2017 Edition
The final 2017 edition was released approximately 2 months ago, the February 2018 version is updated for many new Sections/appendices that were published:
- Part I-A: Discussion of 2017 versus 2018 like kind exchanges (due to tax reform)
- Part I-A: Discussion of GBTC (Bitcoin ETF) Basic Considerations
- Part I-A: Discussion of personal loss limitation rules
- Part I-B: Steemit Tax Considerations of getting "Flagged" resulting a reduced award during the "vesting" period
- Part IV: Discussion of "Securities" in light of the Senate hearing
- Part V: Taxation of Crypto Kitties
- Part V: Extension filing
Planned 2018 Updates
I get very ambitious and have more ideas than I have time to write. Tax reform also caused the need to double back on prior guides, versus cover new content right away. Nevertheless, here are the planned 2018 articles:
- Continued development of current debt
- Deductions for miners
- Tax implications of cloud mining
- Review of cryptocurrency software solutions
- Considerations for staking and running nodes
- Considerations for start-up company ICO's (to the companies and their employees)
- Foreign bank/asset reporting
Please find the "E-book" below.
![quill-175980_640.png](https://steemitimages.com/DQmaqxr1UCgHafEigFDpC3VHZBeEqhwmtGUPSX3jzNviokT/quill-175980_640.png)
Section #1 (General): https://steemit.com/money/@cryptotax/crypto-tax-blog-investing-in-bitcoin-let-s-learn-u-s-tax-rules-part-i-a
Appendix A (Securities): https://steemit.com/money/@cryptotax/your-ico-tokens-may-be-securities-does-it-impact-your-u-s-taxes
Appendix B (Examples): https://steemit.com/money/@cryptotax/bitcoin-taxes-help-me-please
Appendix C (Loss from Theft/Ponzi) https://steemit.com/money/@cryptotax/was-your-bitcoin-stolen-potential-tax-benefits-for-your-loss
Section #2 -GBTC ETF Considerations (Generall): https://steemit.com/bitcoin/@cryptotax/bitcoin-investment-trust-gbtc-not-as-simple-as-owning-a-stock
Section #3 - Discussion of 2017 and 2018 Like-Kind Exchanges (General): https://steemit.com/bitcoin/@cryptotax/most-common-wrong-answer-for-u-s-crypto-investors-2017-tax-season-like-kind-exchanges
Appendix D (Like Kind Exchanges for 2017 and prior): https://steemit.com/money/@cryptotax/cryptocurrency-like-kind-exchanges-what-can-we-learn-from-gold
Section 4 - Assessing Loss Limitations (General): https://steemit.com/bitcoin/@cryptotax/used-your-bitcoin-on-a-new-lambo-tv-bitcoin-personal-tax-loss-limitations
Section 1 (General): https://steemit.com/steemit/@cryptotax/are-steemit-author-and-curation-rewards-taxable-usa-edition
Appendix A (Tax considerations of being Flagged): https://steemit.com/steemit/@cryptotax/have-you-been-flagged-do-you-still-have-to-pay-taxes-on-your-upvotes
Section 2 (Deeper Analysis): https://steemit.com/steem/@cryptotax/are-steemit-rewards-taxable-in-the-usa-part-2
Section 3 (Examples): https://steemit.com/steemit/@cryptotax/crunching-the-numbers-example-of-how-to-calculate-taxable-income-on-your-steemit-author-rewards-usa
Section 4 (Steem Dollar Update): https://steemit.com/steemit/@cryptotax/for-u-s-steemit-authors-the-new-steem-dollar-sbd-tax-dilemna-because-it-couldn-t-get-any-more-complicated
Appendix A -Bitcoin Gold Fork: https://steemit.com/money/@cryptotax/is-bitcoin-gold-is-taxable-in-the-u-s
Appendix B - Related (Tax Fork Concept): https://steemit.com/bitcoin/@cryptotax/using-blockchain-to-pay-tax-debts-can-a-bitcoin-tax-fork-btax-pay-your-tax-bill
Section 1 (General): https://steemit.com/money/@cryptotax/bitcoin-earned-from-mining-is-taxable-income-how-to-calculate
November 2017 – Coinbase Update: https://steemit.com/bitcoin/@cryptotax/an-update-for-coinbase-users-and-why-you-should-follow-this-tax-blog
February 2018 - Senate Hearing Update: https://steemit.com/bitcoin/@cryptotax/tax-implications-of-trading-ico-tokens-impacts-to-2017-tax-season
Appendix A - Individual Extension Filing Rules: https://steemit.com/money/@cryptotax/need-additional-time-to-nail-down-crypto-taxes-file-an-extension
Appendix B - Crypto Kitties: https://steemit.com/cryptokitties/@cryptotax/cryptokitties-are-collectible-breedable-adorable-and-taxable
Appendix C - Are you Taxed like a CEO? https://steemit.com/money/@cryptotax/are-you-taxed-like-a-ceo
Disclaimer: This series contains general discussion of U.S. taxes in a developing and unclear area of tax law. As always, you should consult your own tax advisor in your jurisdiction to determine your specific situation as this is not personal advice; and consider any future guidance by the Congress/IRS after the date of this article. Under Circular 230 to the extent it applies, this article cannot be used or relied on to avoid any tax or penalties in the U.S., its States or any other jurisdictions. This post/book does not create a client relationship between the author and the reader.
Picture Credit
https://pixabay.com/en/users/Clker-Free-Vector-Images-3736/
This is a great post with very valuable information as we get into tax season. Thanks for putting this together! I will resteem for the benefit of the community!
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This post has received a 3.68 % upvote from @booster thanks to: @cryptotax.
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Don't know how to message on Steemit, and wanted to request that you do a piece on deuseth.com. I went to purchase my 1/50 of a hero today, and they asked for my Coinbase password on MARK, and I stopped.
Deus ETH is billed as a "Smart Contract Based Story." Some of the heroes appear to be trading at 67 ETH now. I just don't understand it enough to write about it but, like the CryptoKitties, this Deus ETH may be an historic event.
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I saw your good posting well.
I followed you.
I want to talk to you in the future.
https://steemit.com/newbie/@cch-story/a-wise-word-what-to-add
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