Show Summary |
This interview is essential listening for anyone that’s transacted with crypto to date, particularly those that haven’t properly turned their minds to tax yet (it’s time, ladies and gentlemen).
Shane and I delve into the common web3 transactions and their tax treatment.
We also discuss how the Crypto Tax Calculator software connects with exchanges and wallets to give you a full picture of your tax position.
We finish with some clear steps on how to use Crypto Tax Calculator as an individual, and how to work with accountants to ensure you’re compliant.
Timestamps |
2:00 - Shane’s foray intro crypto, working with a decentralized exchange, and experiencing his own crypto tax nightmare
4:30 - The problem Crypto Tax Calculator is solving and how the company has evolved to date
7:30 – How the product sits alongside today’s traditional accountants and advisors
10:45 - Talking through the typical transactions someone might make when buying a cryptocurrency or an NFT
13:30 – More complicated tax events (ie airdrops and staking)
19:30 - Algorithmic vs collateral backed stablecoins – Terra Luna Case Study
24:00 - What staking means
27:00 - Liquidity provision and it’s tax treatment
30:30 - How to use Crypto Tax Calculator as an individual
36:00 - What Shane wants to see that will help protect individuals against tax surprises
38:20 - Where to follow Shane and Crypto Tax Calculator
Connect with Shane and Crypto Tax Calculator |
Shane’s Linkedin: https://www.linkedin.com/in/shanebrunette/
Shane’s Twitter: https://twitter.com/sshbrunette
Crypto Tax Calculator Twitter: https://twitter.com/CryptoTaxHQ
Crypto Tax Calculator Website: https://cryptotaxcalculator.io
S1: Web3 | E5: Tax a look over your shoulder