Crypto Taxes — Every Trade Is Taxable
Every crypto transaction is a taxable event in the US: trading one crypto for another, paying for goods, earning DeFi yield, receiving NFTs, and even gas fees on transactions. The IRS classifies crypto as property, not currency. Use Koinly, CoinTracker, or similar software from day one — manually tracking is impossible at any scale.
Every crypto transaction is a taxable event in the US: trading one crypto for another, paying for goods, earning DeFi yield, receiving NFTs, and even gas fees on transactions. The IRS classifies crypto as property, not currency. Use Koinly, CoinTracker, or similar software from day one — manually tracking is impossible at any scale.
What counts as a taxable crypto event
This section covers what counts as a taxable crypto event. For the practical framework, see our Trading Taxes hub and our blog for related analyses. Read on for context-specific guidance.
Cost basis methods (FIFO, LIFO, specific lot)
This section covers cost basis methods (fifo, lifo, specific lot). For the practical framework, see our Trading Taxes hub and our blog for related analyses. Read on for context-specific guidance.
DeFi and NFT tax treatment
This section covers defi and nft tax treatment. For the practical framework, see our Trading Taxes hub and our blog for related analyses. Read on for context-specific guidance.
Best crypto tax software
This section covers best crypto tax software. For the practical framework, see our Trading Taxes hub and our blog for related analyses. Read on for context-specific guidance.