Crypto tax topics addressed by the xCubicle-hosted CPA panel, in which ReSure was represented by Bernard Reisz CPA include:
- Crypto-to-Crypto Capital Gains
- Crypto-to-Fiat Taxation
- Taxation of crypto-gifting
- Taxation of crypto-mining
- Crypto-tax for non-US citizens
- Business entities for crypto-investing and trading – LLCs and C-corps
- Tax treatment of inherited cryptocurrency
- 1031 like-kind exchanges for crypto-to-crypto transactions: Utility Tokens vs Digital Currency (Bitcoin, Monero, Ethereum, Zcash, etc.)
- Tax Basis Calculations: FIFO, LIFO, HIFO, Specific Identification, Average Cost
- Taxation of ICOs – Initial Coin Offerings
- Hard Forks, Air Drops
- The Cryptocurrency Tax Fairness Act
- Ordinary income vs. short-term gain vs. long-term gain
- Tax-free retirement accounts (QRP, Solo 401K, Checkbook IRA-LLC) for crypto investing
- The IRS and Virtual Currency: Chainalysis, Coinbase John Doe Summons
- FBAR (FinCEN 114), FATCA