Crypto Accounting - What's the Tax That?

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Traditional accounting is on the bank ledger, right? Money going in and out between the bank account and someone else. That's how cut books is set up. crypto, by definition, is on a different ledger,. It's something you actually evaluate, check, look at but it's not a bank. And so one what we're seeing is a whole new breed of accounting soft ware pop up. A lot is capable of essentially capturing those transactions off of a block chain.

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.