by Ekrem Duman | Jul 7, 2026 | Crypto Tax, Finance
TL;DR: Earning crypto through staking, mining or rewards is typically taxed as income at the crypto’s value when you receive it — and that value usually becomes your cost basis. If you later sell for more, you owe capital gains tax on the additional...
by Ekrem Duman | Jul 7, 2026 | Crypto Tax, Finance
TL;DR: In most countries, cryptocurrency is treated as property or an asset, not currency — so selling, trading or spending it can trigger capital gains tax on the profit, while earning crypto (from staking, mining or as payment) is often taxed as income. Simply...
by Ekrem Duman | Jun 18, 2026 | Crypto Finance, Crypto Tax
For the better part of a decade, reporting crypto gains and losses to tax authorities was largely an honor system. Exchanges issued patchy 1099-K or 1099-MISC forms, if anything at all, and the burden of reconstructing cost basis across dozens of wallets fell entirely...
by Ekrem Duman | May 29, 2026 | Crypto Finance, Crypto Tax
⚡ TL;DRCrypto is borderless, but tax systems are not. Cross-border crypto tax hinges on residency (where you are taxed), source (where income arises), and treaties (which may relieve double taxation). Because crypto has no physical location and rules differ sharply by...
by Ekrem Duman | May 29, 2026 | Crypto Finance, Crypto Tax
⚡ TL;DRCrypto tax reporting is tightening. In the US, brokers must now report transactions on Form 1099-DA, giving tax authorities direct visibility into crypto activity. Businesses must reconcile their own records against these forms, report all disposals and income,...
by Ekrem Duman | May 29, 2026 | Crypto Finance, Crypto Tax
⚡ TL;DRAccounting for crypto changed significantly with the move to fair-value measurement under updated US GAAP (ASU 2023-08), replacing an older impairment-only model. Crypto is now marked to market each period, with gains and losses in net income. IFRS treatment...
