New information about how the IRS views crypto taxes is released very sporadically. In the first month of 2023, new IRS memos were released regarding crypto tax losses and crypto tax donations. Matt Metras, an Enrolled Agent at MDM Financial Services and overall crypto tax expert, joins the show to discuss what these memos mean for crypto users and the crypto tax they will report to the IRS. In addition, Matt discusses the 2019 IRS Crypto FAQ and the 2021 Infrastructure Bill and the effects they are having in 2023 on crypto taxes. Talk.Bitcoin.Tax
(02:00): The Infrastructure Bill and Crypto 2023
(08:00): The IRS FAQ and Specific Identifcation
(14:05): What is an IRS Crypto Tax Memo?
(15:10): IRS Memo on Crypto Tax Losses (i.e., Rug Pulls)
(25:40): IRS Memo on Crypto Tax Donations
(30:20): Cryptocurrency Question on Form 1040
Episode Page: https://talk.bitcoin.tax/how-the-new-irs-crypto-tax-memos-affect-you/