How to Do Your 2018 Bitcoin & Crypto Taxes with Drew Kernosky

Published: Jan. 21, 2019, 12:01 a.m.

b'

It’s the most horrible time of the year. Time to get off your asses and calculate taxes cause taxman is near. It should be the IRS that you fear.

\\n

Yes, blockchain buddies and crypto comrades, it’s time to start thinking about how to manage your crypto gains and losses from last year. And to help us sort through it all, we’ve got blockchain CPA Drew Kernosky along for the ride. We’ll discuss crypto tax basics, loss harvesting, ICO taxation, tools to help you do the math and how to not go to prison.

\\n

So much fun you’ll be singing holiday tax songs along with us on episode #229 of The Bad Crypto Podcast.

\\n

Full Show Notes at: http://badco.in/229

\\n

SUBSCRIBE, RATE, & REVIEW:

\\n\\n

FOLLOW US ON SOCIAL MEDIA:

\\n\\n

DONATE CRYPTO TO THE SHOW:
If you\'d like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations:

\\n

 $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ
 $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328
 $LTC Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr
 $DOGE Dogecoin:  DMngvNMX1U8Sg8PkDjCC3UTS8Mmn9RqTP5

\\n

GET STARTED WITH CRYPTO WITH $10 BITCOIN FREE:We have an affiliate code with Coinbase.  If you decide to buy some crypto on Coinbase, you get $10 of free BTC, when you spend at least $100 in crypto.  The Bad Crypto Podcast also gets $10 BTC, as well.

\\n

Win-Win.

\\n

Coinbase is one of the most popular and well-known brokers and trading platforms in the world. Their platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone.

\\n

Do your own due diligence, some people have had some customer support issues. Neither Joel nor Travis can attest to that.  If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.

\\n

Here is a list of all of the top crypto-currency exchanges.  Choose one that you like.

\\n

DISCLAIMER:
Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency.  We make NO RECOMMENDATIONS. Don\'t take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

\\n

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

\\n

Show Edited By: Aaron The Tech (http://aaronthe.tech)

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.

'