Selling crypto counts as selling property — yes, it’s taxable.

Crypto Tax Fact 101: The IRS Wants to Know About Your Coins

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📊 How Is Crypto Taxed?

The IRS treats crypto as property, not cash — so:
✔️ Selling crypto for fiat currency = taxable gain or loss
✔️ Trading one coin for another = taxable event
✔️ Spending crypto to buy goods or services = taxable event
✔️ Mining or staking crypto = taxable income when received

Many taxpayers think small trades fly under the radar — but the IRS now asks every taxpayer: “Did you receive, sell, or exchange any digital assets?” on your tax return.

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⚠️ Crypto Tax Mistakes to Avoid

❌ Forgetting to report crypto trades — the IRS cross-checks exchange data
❌ Not tracking cost basis and fair market value
❌ Overlooking taxable airdrops or staking rewards
❌ Using crypto for purchases and ignoring the taxable gain or loss

👉 Confused by your crypto transactions? Book your free crypto tax checkup here!

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🧾 Can You Reduce Your Crypto Taxes?

Yes! Smart recordkeeping can help you:
✅ Offset gains with losses (capital loss deductions)
✅ Claim proper cost basis and holding period
✅ Avoid paying too much due to missing details

✅ Ask us how to track your crypto gains and losses the smart way!

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🚩 Missed Crypto on a Past Return?

If you didn’t report crypto trades before, the IRS can assess penalties and interest — but you may be able to fix it with an amendment and stay in good standing.

✅ We can help you amend old returns — book your crypto review here!

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🔒 We Make Crypto Taxes Simple

At Acceptance Tax & Accounting, we help crypto traders:
✔️ Report trades, mining, and staking income accurately
✔️ Minimize taxes with proper loss offsets
✔️ Avoid costly penalties and IRS letters
✔️ Fix past returns if needed

📞 Click here to book your Crypto Tax Filing today!

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Don’t let the blockchain become an IRS headache — file smart and protect your gains!