Before clarifying each detail on cryptocurrency tax rules, David – CEO of CryptoTrader.tax – informs the viewers how it all started. The platform solves compliance with tax laws, the lack of cost basis data and fair market value data, and the variety of problems.
The firm has grown into bringing cryptocurrency tax services to the mainstream. The guest also describes how IRS treats cryptocurrency; what a capital gain is, and other fascinating terms and processes.
If you want the interview in the podcast format, please visit the link below, Enjoy!
03:26 – How to cash out an invested cryptocurrency
10:43 – How to deal with a multi-cryptocurrency portfolio
18:31 – Steps to take to ensure privacy of financial records
29:38 – How to avoid capital gains
39:14 – How to handle the first stages of staking
49:34 – Why David does not deal with mixers
58:00 – Crypto bloggers and books recommendations