Crypto Taxes Explained – Complete Beginners Guide 2022 (BEST Crypto Tax Tool?!!)🚀🚀🚀 – YouTube

Crypto Taxes Explained - Complete Beginners Guide 2022 (BEST Crypto Tax Tool?!!)🚀🚀🚀


  • Video Views: 7017
  • Published On: 2022-04-14 05:00:02
  • Video Published/Author: Joe Parys
  • Video Duration: 00:13:24
  • Source: Watch on YouTube


If you’ve ever invested in cryptocurrencies, you need to understand how the government taxes your gains and losses, and what is considered a taxable event. You also need to be able to keep track of all of these gains and losses and be able to report them accurately. Between tracking your capital gains, losses, staking, yield, airdrops and much more, it can get pretty confusing, and if you accept or pay in crypto, it’s essential to understand how all of these tax implications work. In today’s video, I’m going to be teaching you all about cryptocurrency taxes, how to handle them, why they are so important, as well as my favorite cryptocurrency tax tool to help you making tax time a breeze.

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TIMESTAMPS:

00:00 Crypto taxes explained
00:58 Taxes with Koinly (Sponsored content)
02:09 Taxes in the USA
02:51 Taxable event
03:46 Taxable event vs non taxable event
06:16 How Koinly keeps track of your Crypto events
07:12 How Koinly works
09:24 How to use Koinly
11:30 Start with Koinly for FREE!
12:32 Join the class & VIP group

BEST Crypto Tax Tool:

✅ KOINLY (SPONSORED CONTENT)

Crypto tax reports in under 20 minutes!
👉 Start with Koinly for Free: https://koinly.io?utm_source=joeparys

Koinly calculates your cryptocurrency taxes and helps you reduce them for next year. Simple & Reliable.

▪️Available in 20+ countries
▪️Free report preview
▪️Form 8949, Turbotax

With Koinly you can import your ETH, BTC, Tezos and other transactions directly from the ledger, sync all your exchange trading history in one-click and get a ready-to-file tax report — all in a matter of minutes!

Feeling clueless?
✅ Traded on lots of exchanges? ✅ coins spread across multiple wallets? ✅ no record of anything? We’ve been there too and that’s why we built Koinly!

No more wasting hours downloading CSV files, formatting data, figuring out market prices, getting the tax calculations right etc.

📝 How Koinly Simplifies Your Taxes…

1) Easily import your trades

Add your exchange accounts via API or CSV files and connect your blockchain wallets using public addresses.

– DeFi, Margin trades & Futures. Whether you are staking on Kraken, lending on Nexo or going long on BitMEX. Koinly can handle it all.

– Smart transfer matching. Koinly uses AI to detect transfers between your own wallets and keep track of your original cost.

2) Preview your capital gains

Get a glimpse of your profit/loss for any tax year – for free!

– Portfolio tracking. See your total holdings, ROI and growth over time on a beautiful dashboard.

– Profit/loss & capital gains. Easily see how much you are up or down. View realized and unrealized capital gains.

3) Download your tax documents

Koinly can generate the right crypto tax reports for you.

Source / Website: https://koinly.io
Blog: https://koinly.io/blog/

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DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

Affiliate Disclaimer: These descriptions usually contain affiliate links. If you decide to purchase a product through one of them, I receive a small commission at no cost to you. I never endorse products that I have not personally used myself or not found to be beneficial in my life.

#JoeParys #JoeParysCrypto #CryptoNews #CryptoNewsToday #Bitcoin #Altcoins #Cryptocurrency #Koinly #cryptoTax

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