ETNs Have Different Structures With Varying Tax Treatment
Exchange-traded notes (ETNs) are structured either as debt securities or prepaid executory contracts, and that makes a critical difference in tax treatment.
"The tax treatment of ETNs is often comp...More
Accounting Method Impacts Crypto Income Taxes
Many crypto traders face massive tax bills for 2017. Which accounting method they apply could change their tax bills by tens of thousands of dollars.
Specific identification vs. FIFO
The IRS wants...More
Cryptocurrencies: Trader Tax Status Benefits And Section 475 Issues
Active cryptocurrency (coin) traders can qualify for trader tax status (TTS) to deduct trading business expenses and home-office deductions. TTS is essential in 2018: The Tax Cuts and Jobs Act suspend...More