Alex Kugelman and Matt Metras join the show to give us an update on the recent issues in cryptocurrency taxation, including the 2020 round of IRS educational letters, DeFi and IRS compliance, the important crypto update to the Draft Form 1040, taxing crypto staking, and challenges to IRS cryptocurrency taxation law. More @ Talk.Bitcoin.Tax
Highlights:
(01:52): The 2020 IRS Educational Letters
(07:32): DeFi and IRS Compliance
(10:46): Future of Cryptocurrency Taxation
(12:50): A Crypto De Minimus Exemption
(15:11): Draft Form 1040 Crypto Question
(22:00): Taxing Crypto Staking
(29:37): Challenging the IRS
(34:41): Crypto Tax Predictions