When you think of all the cool issues surrounding crypto, what’s the very last thing you want to talk about? Decentralization? Censorship-resistance? Going to the moon? Buying the lambo? All those are great. But when it comes to taxes, people go running for cover.
But burying your head in the sand isn’t smart. It’s essential that you understand how to manage your crypto gains and losses properly. We’re now in the thick of tax season and today we welcome Clinton Donnelly, the Crypto Tax Fixer to the show. Clinton is a Certified Public Accountant who claims to be on the cutting edge of crypto tax law.
Then, we’ll introduce you to a crypto tax tool designed to make the tracking of your trades easy to manage. Pat Larsen developed ZenLedger to provide the world’s leading tax and accounting software for cryptocurrency investments, trading, and fund operations.
This is going to be a very taxing episode. Get it? Taxing? We promise to make it fun because a spoonful of sugar helps the medicine go down. And IRS agents are allergic to sugar. At least that’s what I read on Twitter.
It’s episode #374 of The Bad Crypto Podcast.
Full Show Notes at: http://badco.in/374
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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)
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