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One Day Advice Podcast

Mar 17, 2022

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

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Resources Mentioned:

Crypto Tax Software:

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

Invest in Crypto inside an IRA (Retirement Account):