Do you know your crypto is taxable ?

Although most cryptocurrencies practices are taxable there are some non-taxable events when living in the U.S.

Non-taxable practices are:
• Buying crypto with cash and holding it
• Donating crypto to a qualified tax-exempt charity or non-profit
• Receiving a gift
• Giving a gift up to $15,000 per year
• Transferring cryptocurrency to your own account

However when there are capital gains from the cryptocurrency practices or when there is an income it is likely to pay tax.

Examples of this are:
• Selling crypto for cash
• Converting one crypto to another
• Spending crypto on goods and services
• Getting paid in crypto
• Getting crypto in exchange for goods or services
• Mining crypto
• Receiving other incentives or rewards
• Earning staking rewards.