Welcome back to our regular Thursday Tax Tips session, where we dive into the world of cryptocurrency and its tax implications. Today, we'll discuss the importance of importing all your cryptocurrency transactions into your tax software, share some real-world experiences, and shed light on why it's crucial to keep a close eye on your crypto activities for tax purposes. (This post is from our … [Read more...]
Simplifying Crypto Tax Reporting: What Info Your Accountant Really Needs
Welcome to our latest crypto tax discussion. Today, I'm stepping out into the beautiful Nebraska sun to shed some light on a critical aspect of cryptocurrency taxes: what you need to provide your accountant or tax preparer when you're not going the DIY route or using TurboTax. Let's dive into the details. (This post is from our series of Facebook Lives. Catch the next one on our Facebook … [Read more...]
Crypto Payments in ICO Coins: Risky Proposition or Hidden Gem?
Hello, crypto enthusiasts! I'm Jessica, your host from Beta Virtual Assistance. It's a sunny Saturday morning, and today we're diving deep into the world of crypto strategies and tips. After nearly nine months of Facebook Live sessions, I found myself wondering, "What can we talk about that's new and exciting?" Well, here's a topic that always keeps us on our toes: Initial Coin Offerings, or … [Read more...]
The Surprising Truth About Crypto Losses and Tax Savings
Today, we're diving into a topic that's essential for anyone involved in the world of cryptocurrencies: taxes. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction Greetings, fellow crypto enthusiasts! Before you groan and think this topic doesn't apply to you, stick around, because we're going to debunk the biggest myth about … [Read more...]
What to Do If The Data From Your Crypto Account Is Messed Up
Today, we're discussing crucial tax tips on what to do if your crypto exchange account experiences issues, vanishes, or simply doesn't provide you with the information you need for tax reporting. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction Welcome to another Beta Virtual Assistance Facebook live session. The Importance of … [Read more...]
Navigating the Volatile Crypto Market: A Closer Look at Bitcoin and Dollar Cost Averaging
In this article, we'll delve into the current state of Bitcoin, the upcoming halving event, the concept of dollar cost averaging, and some noteworthy developments in the crypto market. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) First, before we get too far, this blog post may contain links to products that we have tried and liked. If … [Read more...]
Crypto Tax Tips: How to Navigate Different Types of Crypto Income
Today, we're diving into the world of crypto investing, discussing various crypto income types and how they impact your taxes. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction It's Thursday, and that means it's time for another round of Thursday Tax Tips with Beta Virtual Assistance! Hodling - The Buy-and-Hold Strategy The … [Read more...]
Crypto Loans Pitfalls: Avoiding Tax Traps in a Volatile Market
Explore the tax-saving potential of crypto loans and learn how to navigate their complex implications. Discover essential tips to avoid loan pitfalls and make informed financial decisions. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction Hello, readers! It's Tuesday which means it's time for our weekly discussion on crypto tax … [Read more...]
Diversification and Safety Tips: What Works in Crypto
Learn about the importance of diversification and safety in the crypto world. Discover practical safety measures and the complexities of crypto taxes. Stay informed, diversify wisely, and get assistance with your crypto tax journey. (This post is from our series of Facebook Lives. Catch the next one in our Facebook channel.) Diversification: A Vital Strategy Last week, we discussed the … [Read more...]