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Can someone please recommend a CPA in the NYC area who can
can someone please recommend a CPA in the NYC area who can properly file cryptocurrency gain/loss for tax returns?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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Bitcoin related. Just a quick question, short term gain from
just a quick question , short term gain from bitcoin sale moved that money into a Tbond and used the same Tbond ad downpayment for house… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Since Sept 2015 I have used Bitcoins just like a foreign
Since Sept 2015 I have used Bitcoins just like a foreign currency. Earlier this year I became aware that they are subject to capital gains so submitted an extension on our 2017 returns. Depending upon… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,767 satisfied customers
Put some money in crypto currency last year. My account grew
Hello, put some money in crypto currency last year. My account grew by end of year but i didnt take any profits, just gonna let it grow for few years. Do i need to file anything about it? Thanks … read more
Barbara
Barbara
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1099K vs vs 4797c. I received a 1099k from coinbase
i received a 1099k from coinbase exchange.... for cryptocurrency … read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
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Concurrency tax question, do you pay tax only when you
Concurrency tax question, do you pay tax only when you transfer bitcoin back to currency and take that currency out of exchange? If not, How does taxation work for cryptocurrency? I'm about to file ta… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I had some questions about cryptocurrency. I bought
I bought cryptocurrency in 2017 i started with 1070 investment and traded my bitcoin for other coins, and those coins for others, etc over 1000 times at the end of 2017 i had about 11k worth then in 2018 i decided to pull all my profits out leaving with 8800 is it possible just pay gains on the actual cash profit i realized ($8800-$1070) … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I bought and sold a small amount of cryptocurrencies
I bought and sold a small amount of cryptocurrencies (BitCoin, Ethereum, LiteCoin) in 2017. Total amount was less than $250, and it resulted in a total loss of about -$10. Do I have to report this act… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a question about coinbass (buying bitcoins) I heard I
I have a question about coinbass (buying bitcoins) I heard I need to fill out the tax for income. But when I buy the coin and send it to another foreign company, and I get no income (money) for that y… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Lets say I purchased a cryptocurrency “A” in late 2017. Then
Lets say I purchased a cryptocurrency “A” in late 2017. Then traded it to a different cryptocurrency “B” in December of 2017. I then held onto that currency into 2018. The value in US dollars went up … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have begun to buy crypto currency. Does buying and selling
I have begun to buy crypto currency. Does buying and selling crypto currency into and out of USD create a taxable event even though the money is still in coinbase and not in an actual bank?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
2,884 satisfied customers
My question is related to purchasing and exchanging crypto
Hi,My question is related to purchasing and exchanging crypto currency on H1B VISA Status. Please see the questions below1. Can i purchase crytpo currencies while in H1B VISA? 2. Can i exchange one cr… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,976 satisfied customers
Do you know if had how taxes are recorded and required to be
Do you know if had how taxes are recorded and required to be reported/paid for cryptocurrency like bitcoin? Is there a difference in reporting for entities like LLC's and Corporations and individuals?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,976 satisfied customers
I had some self employment income where I was paid in
I had some self employment income where I was paid in bitcoin. I also made some bitcoin payments to a couple of businesses for what would be considered commissions. Would I report the income and expen… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
2,884 satisfied customers
I am currently on H1B Visa. 1. I wish to know if I can trade
Hello, I am currently on H1B Visa. 1. I wish to know if I can trade cryptocurrency (Buy/Sell Bitcoin or any other cryptocurrency) being on H1B Visa. 2. Also, if I trade cryptocurrency for any other cr… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
We are trying to create a Canadian start up that deals with
We are trying to create a Canadian start up that deals with creating a CryptoCurrency exchange (Like Coinbase.com) but no Canadian Banks are willing to deal with us when we tell them that we are deali… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
I'm an English international student in California on an F-1
Hi, I'm an English international student in California on an F-1 visa who moved to the US in August 2015. I worked in the UK until my move and am separately completing a UK tax return. I have not work… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I read an article recently that a $1,000 investment in Bitcoins
I read an article recently that a $1,000 investment in Bitcoins three years ago is now worth over $16 million. Is this true? If so, how/where can I purchase them? (Apparently the IRS is now applying c… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
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