Cryptocurrency Taxation
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Cryptocurrency: It’s mysterious, it’s volatile and it’s all over the news. At the start of 2017, one Bitcoin—the most well-known cryptocurrency—equaled approximately $800. By the close of that same year,…
Is a Digital Asset a Security or … Is It Not?
Remember the game that kids used to play, where they would pick off the petals of daisies to determine whether their crush loves them, or loves them not? Well, ever…
Cryptocurrency, New Regulations, and the FATF
One of the biggest recent developments – and currently flying under most people’s radar -- is the new regulations from the inter-governmental Financial Action Task Force (FATF) that have been…
The One Question Concerning Digital Assets that Lawmakers Need to be Answering
As markets around the world become increasingly interconnected and technology dependent, lawmakers across the planet are racing to keep pace with the ensuing financial innovation. And, the first nation to…
The Closing Window on the Current Crypto Wash Sale Rule Loophole
As 2021 comes to an end, it is crucial for investors in cryptocurrency (“crypto”) to revisit their portfolios and the capital gains they have realized during the year. Unlike stocks,…
Crypto Losses Are Not All Alike
With the Crypto Winter as well as recent bankruptcies of various exchanges, taxpayers want to know how to best report their losses for tax purposes. There is no simple answer,…