Tax & Accounting

The collection answers general questions related to Taxes and Accounting.

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19 articles in this collection
Written by Emily and Sarah

What can I consider "income"?

For help understanding how "income" is defined please see below.
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Written by Emily
Updated over a week ago

Why do I need to enter my transfers if they are not considered taxable events?

For help understanding why you need to enter transfers please see below.
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Written by Emily
Updated over a week ago

If a transaction using crypto was not reported on a 1099 Form, could it still be taxable?

For help understanding 1099 Forms and what is taxable please see below.
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Written by Emily
Updated over a week ago

Can I have capital gain/loss on a crypto asset without a “sale or exchange”?

For help understanding gain/loss on assets without "sales or exchanges" please see below.
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Written by Emily
Updated over a week ago

If a client exchanges a crypto asset for another crypto asset, is that taxable?

For help understanding if crypto assets are taxable please see below.
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Written by Emily
Updated over a week ago

What if I have mining income?

For help understanding how to include your mining income please see below.
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Written by Sarah
Updated over a week ago

Do I need to report my crypto transactions?

For help understanding why you need to report your crypto transactions please see below.
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Written by Emily
Updated over a week ago

What can I consider an "expense"?

For help understanding what an expense is or could be considered please see below.
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Written by Sarah
Updated over a week ago

How do I know if my transaction is taxable?

For help understanding what is taxable or adjusting your transactions please see below.
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Written by Sarah
Updated over a week ago

What's the difference between short-term and long-term capital gains and losses?

For help understanding the difference between short-term and long-term gains and losses please see below.
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Written by Sarah
Updated over a week ago

How is a crypto asset different from a traditional debt or equity security?

For help with understanding crypto assets and how they are different from traditional debt or equity please see below.
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Written by Emily
Updated over a week ago

What if I had gains or losses in prior years and didn’t report them?

For help understanding reporting gains or losses from prior years please see below.
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Written by Emily
Updated over a week ago

Which accounting methodology should I choose?

For help with accounting methodologies please see below.
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Written by Sarah
Updated over a week ago

What is "HIFO" gain / loss methodology?

For help understanding "HIFO" accounting methodologies please see below.
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Written by Sarah
Updated over a week ago

What is "LIFO"?

For help understanding different accounting methodologies please see below.
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Written by Emily
Updated over a week ago

What is "FIFO"?

For help with understanding different accounting methodologies please see below.
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Written by Sarah
Updated over a week ago

How is the cost basis assigned for all my transactions?

For help with cost basis please see below.
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Written by Sarah
Updated over a week ago

What do I do if my coins were lost or stolen?

For help with lost or stolen coins please see below.
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Written by Emily
Updated over a week ago

Do I need to report gains, losses, and other income involving crypto transactions on my tax return?

For help reporting gain /loss please see below.
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Written by Emily
Updated over a week ago