Tax Season: What Crypto Investors and Tax Agencies Need to Know

This podcast is for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions.

If you want to make an active crypto trader nervous there are few things that work better than reminding them there are only 2 and half months left until the US Tax filing deadline. For most people a tax return is full of arcane and complex rules that you’re not quite sure if you got everything right, but for crypto investors the rules are being written and rewritten each year.

In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) had to bring Chainalysis’ in-house expert, Roger Brown (Global Head of Tax Strategy) to understand the tax principles that apply to crypto and how recreational users and institutional investors are managing bitcoin on their balance sheets. 

Roger informs us on the latest tax changes in the US and abroad and speculates on how many people are correctly reporting big crypto gains or losses. 

• (2:35) – How the ambiguity of the classification of Bitcoin, challenged traditional tax principles

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Article: Tax Gap Estimates for Tax Years 2014-2016

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 

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Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

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