Matt Metras, an Enrolled Agent at MDM Financial Services and overall crypto tax expert, joins the show to discuss and demystify the popular question: is crypto staking taxed? Matt outlines the recent Jarrett case that had plenty of crypto enthusiasts asking the question! Plus, Matt answers crypto tax questions from Reddit users: casualty losses, FBAR and FATCA, Roth IRAs, the Economic Substance Doctrine, how to handle 1099s, a potential (but unlikely) De Minimis, wash sales, fair market value versus zero cost basis for airdrops and NFTs, and more! Talk.Bitcoin.Tax
(01:55): The Jarrett Case’s Effect on Staking Taxes
(07:30): A New De Minimis Bill?
(10:05): The Current Status of Crypto Wash Sales
(14:53): Constructive Receipt – When Do You Own Airdrops?
(22:32): Are NFT Airdrops Reportable Income?
(24:42): Crypto Casualty Losses – Lost, Stolen, Hacked Crypto
(29:24): Dealing With 1099s From Crypto Exchanges
(38:05): FBAR and FATCA – How To Report