An Introductory Guide to the Crypto Tax Season

As cryptocurrencies gain mainstream adoption, US tax laws have continued to evolve with the latest trends. Each year, the IRS becomes better at detecting and enforcing non-compliant crypto tax filings. It has become increasingly important for all investors, traders, and even perpetual hodl’ers to understand the proper cryptocurrency tax filing procedures. The IRS views the realization of gains as a taxable event. The 2021 capital gains tax rate for individuals is: 0% for those earning up to $40,000 per year.