Yes, cryptocurrencies are taxed :(

In this episode, Nick provides a primer on how they are taxed and which transactions count as a taxable event. He then touches on how to prepare your taxes and the strategies you can implement today to reduce your tax liability.

3:12 - How is Crypto Taxed

4:27 - Taxable & Non-Taxable Events

7:24 - What Tax Forms Do You Need

10:42 - How to Calculate Your Tax Liability

12:05 - How to Save on Crypto Taxes

Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast.

Resources Mentioned:

Crypto Tax Software:

• Koinly.io
• Zenledger.io

Helpful site for chains that don’t sync to software: Stake.tax

Invest in Crypto inside an IRA (Retirement Account): AltoIRA.com

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit onedayadvice.substack.com