There are companies that get tokens, whether they're doing work or company are a crypto network. Treat ment is actually pretty clear on that, and i can talk about that in the second yethe second component is, crypto is our business. That's probably the biggest change we're seeing by nellic. So many companies are coming to us with crypto e. Business is not a fund raising structure. It is actually the way they're transacting. And when you when you're doing that, and the the token is fluctuating a price and going up, yes, that can be realized or unrealized gains, you can pay taxes on that. If you're swinging at the profit.
Crypto is reaching the mainstream, which has major implications for crypto and traditional startups alike. Kruze Consulting COO Scott Orn joins to discuss what regulation and taxes actually apply to crypto (3:17), recent improvements in crypto accounting infrastructure (8:24), appropriately documenting crypto holdings (21:25) and more! With crypto market capitalizations rivaling large cap tech companies, the IRS wants its due. This is a great crash course for properly documenting crypto and avoiding future fines.