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The Bad Crypto Podcast

How to Do Your 2018 Bitcoin & Crypto Taxes with Drew Kernosky

The Bad Crypto Podcast

Joel Comm and Travis Wright

Tech News, Business, News, Technology, Investing

4.7 • 1.2K Ratings

🗓️ 21 January 2019

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s the most horrible time of the year. Time to get off your asses and calculate taxes cause taxman is near. It should be the IRS that you fear.

Yes, blockchain buddies and crypto comrades, it’s time to start thinking about how to manage your crypto gains and losses from last year. And to help us sort through it all, we’ve got blockchain CPA Drew Kernosky along for the ride. We’ll discuss crypto tax basics, loss harvesting, ICO taxation, tools to help you do the math and how to not go to prison.

So much fun you’ll be singing holiday tax songs along with us on episode #229 of The Bad Crypto Podcast.

Full Show Notes at: http://badco.in/229

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If you'd like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations:

 $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ
 $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328
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GET STARTED WITH CRYPTO WITH $10 BITCOIN FREE:We have an affiliate code with Coinbase.  If you decide to buy some crypto on Coinbase, you get $10 of free BTC, when you spend at least $100 in crypto.  The Bad Crypto Podcast also gets $10 BTC, as well.

Win-Win.

Coinbase is one of the most popular and well-known brokers and trading platforms in the world. Their platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone.

Do your own due diligence, some people have had some customer support issues. Neither Joel nor Travis can attest to that.  If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.

Here is a list of all of the top crypto-currency exchanges.  Choose one that you like.

DISCLAIMER:
Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency.  We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

Show Edited By: Aaron The Tech (http://aaronthe.tech)

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

It's the most horrible time of the year.

0:09.0

Time to get off your asses and calculate taxes because tax man is near.

0:16.3

It should be the IRS that you fear. Yes, blockchain buddies and crypto comrades, it's time to start thinking

0:29.4

about how to manage your crypto gains and losses from last year and to help us sort through it all

0:35.4

we've got blockchain CPA Drew Karnuski along for the ride we'll discuss

0:41.0

crypto tax basics loss loss harvesting, I. C.O. Taxation, tools to help you do the math,

0:47.0

and how to not go to prison. So much fun, you'll be singing holiday tax songs along with us on episode number 229 of the

0:56.5

bad crypto podcast.

1:00.3

Five, four, three, two, four, four, three, two, four,

1:05.0

four,

1:06.0

two,

1:07.0

three, three, three, three,

1:10.0

Who's bad? Who's bad? Welcome to the bad crypto podcast the show for the crypto curious the

1:20.3

crypto serious and those of you that traded in crypto last year you gotta pay

1:25.5

your taxes yo it is that time you know it's I believe you can start filing your taxes. What is like on the 20th of January or something?

1:36.7

There's like the early date, but the latest date you can do that obviously is April 15th,

1:41.6

but there's the first date and I know that's coming up here before you know it.

1:45.2

So it is time to get your things to get up.

1:50.1

And you know, you might not want to think about it, but you really need to please pay attention to this episode. Drew has done his research and we're going to bring him on here in just a few minutes, but first a shout out to our show sponsor who dappie coin

2:06.8

payments dot net founded in 2013 as the first all coin payment processor offering support for both

2:14.5

ethereal and light coin payments they have now grown to support over 1,100

2:20.4

coins and tokens they got a global user base of over 2.3 million

...

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