Core Insights - The IRS treats crypto and digital assets as physical property for tax purposes, making transactions taxable at the federal level, while state taxation varies significantly [1] State Taxation of Crypto - Crypto gains are taxed similarly to other investment gains, with short-term capital gains applicable for holdings under a year, often at higher rates than long-term gains [2] - Approximately ten states do not tax crypto gains, while others impose substantial taxes [2] States with High Crypto Taxation - California imposes a tax rate of up to 13.3% on crypto gains, including an additional 1% for households earning over $1 million [4] - Hawaii has a tax rate of up to 11%, with unclear regulations affecting the trading environment [5] - New York taxes crypto gains at a rate of up to 10.9%, with lower rates for households earning under $1 million [6] - Minnesota's tax rate on crypto gains is up to 10.85%, including an additional 1% for high-income households [7] - New Jersey imposes a tax rate of up to 10.75% on crypto gains, treating them as regular income [8][9] - Oregon has a tax rate of up to 9.9%, also treating crypto gains as regular income [10] Record Keeping for Crypto Investors - Detailed transaction records are crucial for crypto trading in taxable accounts, with traders receiving Form 1099-DA in early 2026 to report sales proceeds [11]

Are you guys not paying your crypto taxes? ...

ICYMI:BSCN (@BSCNews):JAPAN CONSIDERS CUTTING CRYPTO TAXES FROM 55% TO 20% FOR APPROVED TOKENS- Japan’s financial regulator, the Financial Services Agency (FSA), is considering a plan to classify 105 cryptoassets, including Bitcoin and Ethereum, as financial products, according to a local https://t.co/yqVGaFGO2a ...

'Some Bad Shit. Very Bad': Jeffrey Epstein Was Worried About Bitcoin and Crypto Taxes, Emails Reveal► https://t.co/9LEUkxVLND https://t.co/9LEUkxVLND ...

Manually calculating crypto taxes is time-consuming and prone to errors.In today’s API tutorial, learn how to use our free Google Sheets tax calculator powered by the CoinGecko API to compute your taxes accurately.Read the full guide 👇https://t.co/H85wuAYBDs ...

He said, "If you are in good faith, meaning you've tried pretty much as much as you possibly could, because let's be honest, nobody's going to get this right 100% perfectly, especially have a ton of trades over multiple wallets over multiple central centralized exchanges and decentralized exchanges. No one's going to get 100% correct." But if you put in effort and good faith and they're seeing that, you're just like they're like, "Hey, I tried. I was flabbergasted." Then you can get away with a. ...