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In this Crypto Forces segment of Hidden Forces, Demetri Kofinas speaks with Mark DiMichael, a Forensic Accountant with Citrin Cooperman, who specializes in the tax implications for cryptocurrencies. What are the filing requirements for anyone who has profited from, transacted in, or mined a cryptocurrency in the last 9 years? What is a 1031 like-kind exchange, and do cryptocurrencies qualify for this tax exemption? Does each bitcoin transaction qualify as a taxable event? Do governments tax protocol tokens like BTC differently from utility tokens? How will the gains made as a result of forks like that of bitcoin and bitcoin cash, be taxed by governments? Lastly, are there any exemptions or other legal ways to avoid paying taxes on gains made in bitcoin, ethereum, or other cryptocurrencies? Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod |
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