meta_pixel
Tapesearch Logo
Log in
Unchained

Your 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and More - Ep.320

Unchained

Laura Shin

Tech News, Business News, News

4.61.3K Ratings

🗓️ 15 February 2022

⏱️ 68 minutes

🧾️ Download transcript

Summary

Two crypto tax experts, Shehan Chandrasekera, certified public accountant and head of strategy, Tax, at Cointracker, and John Cardone, senior director of Washington National Tax at RSM US LLP, explain everything crypto traders need to understand when filing taxes for 2021. Show topics: -the five types of transactions that constitute a taxable crypto event -how NFT taxes should be reported -why the sale of collectibles (NFTs) is taxed differently than the sale of crypto property (tokens) -what type of forms you might receive from crypto exchanges and why this information is usually incomplete -why the crypto provision in the infrastructure bill most likely won’t affect retail traders -why John wants a digital asset-specific 1099 form -how staking income will be taxed this year (and why this might change soon) -how to report taxes for… airdrops like ENS and SOS income earned via a play-to-earn game like Axie Infinity the sale of virtual land wrapping Bitcoin onto Ethereum rewards received via a crypto credit card -how to save money on taxes going forward -how Shehan and John think crypto taxes will evolve  -why the IRS listed a job posting for someone who could exploit crypto wallets Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021       Beefy Finance: https://beefy.finance   Bosonic: https://bosonic.digital/ Alchemy Pay:  https://alchemypay.org Become a Premium Bulletin Subscriber! Become a premium subscriber to my Bulletin newsletter, and you’ll get access   to:  a premium-only Discord group  premium-only interviews the opportunity to ask questions ️ the chance to weigh in on guests for Unchained and  whatever other future offerings we add to the mix Join today for $4.99/mo or $49.99/year!  Join now! Get a Signed Book Plate! Many of you have asked me how you can get a signed copy of the book. Here’s how: Pre-order the book, which you can do at bit.ly/cryptopians. Make a social media post about the book that includes the pre-order link, bit.ly/cryptoptians, or to the book on any bookseller of your choice. Send a copy of your receipt to hello@unchainedpodcast.com with the subject line, “signed book plate.” In the email, include a pdf of your receipt + a screenshot of or a link to your social media post + the address to which you’d like me to send the book plate + the name of who you’d like me to dedicate the book plate to. If you show a pre-order receipt that shows you bought more than one format of the book, such as an audiobook and a hardcover, you can get two signed book plates. Finally, if you sign up for the Bulletin premium subscription plus do all the above to get a signed book plate, you’ll also receive a POAP. Episode Links John Cardone ​​https://www.linkedin.com/in/john-cardone-436412b1/   Shehan Chandrasekera https://twitter.com/TheCryptoCPA Helpful Links Shehan’s tax guide: https://www.forbes.com/sites/shehanchandrasekera/2022/01/24/quick-guide-to-filing-your-2021-cryptocurrency--nft-taxes/?sh=d5c00f765f9d Staking rewards case: https://twitter.com/TheCryptoCPA/status/1489268205877035016  US Gov. job posting: https://sam.gov/opp/799a1650bd5349b6af4f646842999187/view  2022 Crypto Tax Guides CoinTracker: https://www.cointracker.io/blog/crypto-tax-guide CryptoTrader.Tax: https://cryptotrader.tax/blog/the-traders-guide-to-cryptocurrency-taxes Koinly: https://koinly.io/cryptocurrency-taxes/  ZenLedger: https://www.zenledger.io/guides/crypto-tax-us  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, all.

0:01.0

Two announcements.

0:03.0

The Discord group for premium subscribers to my Bulletin newsletter launches today.

0:08.0

Subscribers will get access to premium-only interviews, have a say in which guests and

0:11.8

topics are covered on Unchained, get to weigh in on what questions are asked, and will

0:16.6

have access to the subscriber-only chats with guests.

0:20.0

Our first AMA is this Friday and noon Eastern, and it's on a topic I'm sure many of you

0:24.6

will have questions about.

0:26.3

Crypto Taxes for 2021.

0:28.9

One of the first guests will be someone who, until recently, was the crypto person at

0:33.9

the IRS.

0:35.4

Join now for 499 a month, or 449.99 a year, at lourishin.bulletin.com slash subscribe.

0:45.2

For those of you who don't have Facebook accounts, we are figuring out another way for

0:48.8

you to at least join the Discord.

0:51.2

I will keep you posted.

0:53.1

Again, to sign up for the premium offering, head to lourishin.bulletin.com slash subscribe.

1:00.2

Also if you become a premium-bulletin subscriber, plus do what it takes to receive a signed

1:04.6

book late, which you'll hear how to do below, then you will receive a POAP.

1:10.3

So for those of you who've asked me how you can get a signed copy of my book, here's

1:14.3

how.

1:15.3

First, pre-order the link, which you can do at Bentley Slash Cryptopians.

1:19.4

Second, make a social media post about the book that includes the pre-order link, Bentley

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.