How to Pay Your Bitcoin Cryptocurrency Taxes

Jan 17, 2018

Ask episode

Chapters

Transcript

Episode notes

It may look and feel like magical internet money, but the truth is that cryptocurrency is personal property. At least that is the statement from the United States Internal Revenue service. With so many questions surrounding crypto and taxes, we thought we’d invite a certified public accountant to the show. While no one likes to think about paying taxes, we’re here to help you stay legit by bringing you someone who has a handle on it. Besides, there’s no tax for listening to this show. It’s free! Come along and discover what you need to know on episode #73 of The Bad Crypto Podcast.

WELCOME TO EPISODE 73! Full Show Notes at: http://badco.in/073

3 Ways to Get Badcoin
- Like & Post on Facebook page - 50,000 - facebook.com/badcrypto
- Review podcast, screencap and email to badcryptopodcast@gmail.com - 100,000
- Join the Bad Crypto Mastermind and ask for 100,000 more - badco.in/mastermind

DONATE CRYPTO TO THE SHOW:

If you'd like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations:

$BTC: Bitcoin: 3HgKzHs3hB9oxqVLkBqmBXnkvmmVDSXuth $ETH Ethereum: 0x1cc3335e292fd9a956746f1467046e2198a8c69d $LTC Litecoin: LchSx4xHwXY5JBXVB72bf86VHEBgSmjTbC $DOGE Dogecoin: DPTjFZS4z9xPqfnCY8XrPNpMinYFZ9WsxK

GET STARTED WITH CRYPTO WITH $10 BITCOIN FREE:

We have an affiliate code with Coinbase. If you decide to buy some crypto on Coinbase, you get $10 of free BTC, when you spend at least $100 in crypto. The Bad Crypto Podcast also gets $10 BTC, as well.

Win-Win.

Coinbase is one of the most popular and well-known brokers and trading platforms in the world. Their platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone.

Do your own due diligence, some people have had some customer support issues. Neither Joel nor Travis can attest to that. If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.

Here is a list of all of the top crypto-currency exchanges. Choose one that you like.

DISCLAIMER:

Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

Edited By: Aaron The Tech (http://aaronthe.tech)

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.