►Use Koinly for cryptocurrency taxes – https://koinly.io/?through=9DCC1E25
►Earn curiosity in your cryptocurrency utilizing Celsius – $40 Bonus – https://celsiusnetwork.app.hyperlink/14948368d6 referral code 14948368d6
►Get your Gala Video games Node – https://gala.fan/EHIS-BKnQ
►Buy $GALA at Bitrue – https://www.bitrue.com/exercise/job/task-landing?inviteCode=FfUj7y7Y&cn=900000
►Play City Star free of charge – https://gala.fan/EHIS-BKnQ
IRS Cryptocurrency FAQ – https://www.irs.gov/people/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
Turbotax – https://turbotax.intuit.com/
✅ Subscribe: https://www.youtube.com/channel/UCKVCdZuzSinGdUMsEAbM1XA?sub_confirmation=1
🎬 This video was made utilizing Camtasia® – http://techsmith.z6rjha.internet/7m5rvY
On this video we’re going to attempt to determine our cryptocurrency taxes typically, and particularly what sort of taxes it’s possible you’ll expertise working a Gala Video games Node.
Timecodes
0:00 Intro
1:42 What kinds of cryptocurrency transactions are taxed
3:04 What this implies for individuals who run Gala Video games Nodes
6:40 Monitoring all of this utilizing the Crypto Tax Software program Koinly
13:17 Importing the tax file generated by the Koinly into TurboTax
17:05 Reporting revenue and bills
20:12 Producing and utilizing IRS tax types instantly if we didn’t import into TurboTax
20:42 Different tax implications to think about
DISCLAIMER: The hyperlinks above could also be affiliate hyperlinks, which implies that in case you click on on them, I’ll obtain a small fee. That is at NO additional price to you. Nothing on this video or feedback needs to be thought of tax, authorized, or monetary recommendation.
source
