Shehan Chandrasekera

Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, dive into the complexities of crypto taxes. They discuss the IRS's increased scrutiny on staking and NFTs, essential tax forms like 1040 and 8949, and common filing mistakes to avoid. The duo offers insights on tax implications for bankruptcies and strategies to simplify tax time. Plus, they tackle what creators need to know about NFT taxes and the effects of the Ethereum Merge on tax reporting.

Shehan Chandrasekera, a CPA and tax strategist at Cointracker, and John Cardone, a tax controversy expert at RSM US LLP, dive into the complex world of crypto taxes for 2021. They discuss the five taxable crypto transactions and how NFTs differ in taxation. The duo explains the importance of accuracy in reporting and the potential changes stemming from new regulations. They also touch on reporting airdrops, staking income, and the evolving landscape of crypto taxation, emphasizing strategies to minimize tax liabilities.

Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, and Lawrence Zlatkin, VP of Tax at Coinbase, dive into the IRS's proposed tax reporting rules for cryptocurrency. They discuss the confusion around who qualifies as a broker and the overwhelming reporting burdens these rules may impose. The conversation highlights concerns over compliance for stablecoins and NFTs, the community's significant feedback with nearly 120,000 comments, and potential blockchain solutions to ease the process. It’s a lively debate about navigating the complex world of crypto regulations.