The New IRS Guidance on Crypto Taxes
On October 9, 2019 the IRS published its first guidance about crypto taxes since 2014. With already a lot of uncertainty with the IRS policy around crypto, we decided to ask Andrew Gordon, JD/CPA, President of Gordon Law Group, Ltd, an expert in cryptocurrency taxation and legal structures, to answer questions of our clients about this new guidance.
Watch this recorded webinar to find out what the new IRS guidance means for you.
You will learn about:
- Tax status of hard forks;
- Whether you should recognize capital gain or loss when selling crypto;
- How to define which units of crypto were involved in transactions if you own multiple units of the same cryptocurrency that you purchased at different times with different basis amounts;
- Tax status of transfers;
- How to maintain your records.
JD/CPAPresident of Gordon Law Group, Ltd
Pat Larsen, MBA
CEO and Co-Founder of ZenLedger