Non-Taxable Transactions: Buying Crypto with Fiat

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Accounting For Crypto Assets

CryptoCFOs

23 episodes

3 months ago

The AccountANTs, Tax Professionals, and Astute Investors Guide To Blockchain, DeFi, NFTs & more. Visit: www.CryptoCFOs.com to join our community and learn more! *This podcast is NOT financial, tax, accounting, or legal advice. The opinions and commentary herein are intended to facilitate discussions only, and may not be relied upon for accuracy; you must conduct your own research or engage with and seek the advice of your accounting/ tax professional and attorney as necessary.

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Non-Taxable Transactions: Buying Crypto with Fiat

Accounting For Crypto Assets

2 minutes

1 year ago

Non-Taxable Transactions: Buying Crypto with Fiat

When you buy cryptocurrencies with fiat dollars, you do not have a taxable transaction. The same can be said for buying an NFT with fiat money. Using other crypto or stablecoins to buy crypto will likely have tax consequences, as we discuss in this and future videos.