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How to figure out crypto taxes
While it might seem like a low-cost activity in theory, mining crypto comes with considerable expenses, including computers, servers, electricity and internet service provider charges. But this generally only makes sense if you planned on donating to charity already. David is a financial writer based out of Delaware. He specializes in making investing, insurance and retirement planning understandable. Before writing full-time, David worked as a financial advisor and passed the CFP exam.
John Schmidt is the Assistant Assigning Editor for investing and retirement. Before joining Forbes Advisor, John was a senior writer at Acorns and editor at market research group Corporate Insight. Select Region. United States. United Kingdom. David Rodeck, John Schmidt. Contributor, Editor. Editorial Note: We earn a commission from partner links on Forbes Advisor.
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Performance information may have changed since the time of publication. Past performance is not indicative of future results. Forbes Advisor adheres to strict editorial integrity standards. Our free cryptocurrency tax interactive will help you estimate your taxes on your sales whether you received your cryptocurrency through purchase, as a payment for services, or in exchange for goods. At tax time, TurboTax Premier will guide you through your cryptocurrency transactions, allow you to automatically import up to 4, cryptocurrency transactions at once, and figure out your gains and losses.
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Lisa also has been a TurboTax product user for many years and understands how the software program works. In addition to extensive tax experience, Lisa also has a very well-rounded professional background.
