The Complete USA Crypto Tax Guide With Koinly - 2024

Ever wonder if trading crypto means facing a tax avalanche? Don't sweat it! This video dives into the world of crypto taxes, unraveling the mysteries of capital gains, income tax, and how your favorite digital coins get treated by the IRS. Discover handy tips, explore different calculation methods, and even get a glimpse of a crypto tax app that might become your new best friend. Buckle up and get ready to navigate the crypto tax landscape with confidence, all without spoiling the juicy details waiting inside!
[Read] Complete Crypto Tax Guide 2024 - USA
koinly.io/cryptocurrency-taxes/
[Watch] Adding Manual Transactions
• How To Manually Add Cr...
[Read] How to Legally Pay Less Crypto Tax
koinly.io/how-to-avoid-crypto...
[Watch] TurboTax Guide
• How To Do Your US Turb...
[Watch] TaxAct Guide
• How To Do Your TaxAct ...
[Read] Crypto Tax Loss Harvesting Ultimate 2024 Guide
koinly.io/blog/crypto-tax-los...
[Read] Koinly Crypto Accountant Directory
koinly.io/crypto-accountants/
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Our tax team has done a lot of the groundwork to figure out the best way to report crypto taxes, but neither myself nor Koinly are financial advisers and everyone out there has there own financial situation, so when in doubt, definitely reach out to a tax or legal professional. (if things aren’t sitting right for you.)

[@SigiJackson]

Could you please make an video with an full guide for Germany?

[@younglee9411]

How is cryptocurreny taxed when some portion of those bought muitiple times during the time is sold? For example, let's say I have bought $1,000 crypto every month in 2023 and sold $10,000 of the total (with some gain) on March 1, 2024. How does IRS calculate which portion of the total sold is more than a year or which is less than that?

[@Rightly_Divided]

They don't. They don't care, and will steal your money

[@0xsai]

Hope ordinals can be figured out before 2025 tax season...

[@binyameinbush1574]

I just I want to know for example if I buy like 100k USDT trc from Coinbase and I withdraw its or send its to friends on Binance so the USDT it’s same price so how much I will pay tax on it

[@LennyinFlorida]

Nice 👍

[@bellamyste]

And coming up next, the Complete Canadian Crypto tax guide 🎉

[@user-fp3nt5xm3u]

What to do with the 1099-B and 1099-MISC received from exchanges while filing with Koinly reports and avoid double counting or IRS flagging if 1099-B from exchange is ignored in favor of koinly report?

[@koinly]

Double check that all your transactions are imported correctly. If they are, you shouldn't need any other documentation from other exchanges.

[@cryptoaayaan7313]

When is UK guide coming out?

[@koinly]

We are working on it!

[@cryptoaayaan7313]

@@koinly thanks

[@Seekndtroy179]

Does koinly keep track of you trading crypto ?

[@koinly]

Koinly uses API or CSV to see your transactions. We need to see your history to determine the tax implications. You are in full control of how you provide that information.

[@bassplayinghero2]

Ya know not a single wallet is showing correct transactions or even the tokens im holding. Why is your app such trash?