How is cryptocurrency taxed? And what are some changes to crypto taxes for the 2025/2026 tax season? Get the basics of how crypto is taxed, plus learn about new crypto tax forms for 2026 (the 1099-DA) as well as some potential implications for selling crypto like bitcoin, ethereum, and more in this video. Note: Fidelity does not offer tax advice. Be sure to talk to your tax advisor for your specific tax and tax filing situation. 00:00 Introduction to crypto taxes 03:50 Changes for crypto taxes in 2026 07:40 ...

Core Insights - Cryptocurrency investments are subject to taxation under the Internal Revenue Code, contrary to common misconceptions about their tax-exempt status due to decentralization or online wallet storage [3][4] - Accurate tracking of cost basis is essential for taxpayers, especially when assets are transferred across different platforms or wallets, which can complicate the original acquisition date and value [5][6] - Tax liability arises from specific transactions involving cryptocurrencies, such as selling, exchanging, or using them for purchases, while merely holding them does not trigger taxes [7][8][9]

Tax Implications for Digital Content Creators - Treasury Department deems "digital content creators" eligible for "no tax on tips" deduction [1] - Eligible occupations explicitly include streamers, influencers, and podcasters [1] Potential Tax Strategies - Suggestion to create multiple LLCs to receive "tips" and potentially avoid taxes [1] - Seeks creative and unusual solutions for tax exemption [1]