US Tax Basics

Short answer: Crypto can change hands without a sale, but each route has its own basis rule. A gift is

Short answer: Most IRS crypto notices are CP2000 proposed adjustments caused by mismatched data, not audits. The biggest triggers: answering

Short answer: Your cost basis method decides which purchase lot you are treated as selling – and can swing your

Short answer: Tax-loss harvesting means selling crypto below your cost basis to realize a capital loss, which can offset capital

Short answer: The one-year line decides your crypto tax rate. Sell after holding more than one year and the gain

Short answer: Yes — in the US you pay tax on crypto. The IRS treats cryptocurrency as property under Notice