Skip to content

FTX, Celsius, and Crypto Exchange Bankruptcy Tax Treatment

Digital assets frozen in an exchange vault followed by a creditor claim and partial recoveries

A frozen crypto exchange account is not an automatic tax loss. Track original basis, the bankruptcy claim, recoveries, and the closing event.

Are Staking Rewards Taxable? What Rev. Rul. 2023-14 Says

Staking rewards passing through a dominion and control checkpoint into a fair market value tax ledger

Staking rewards are generally ordinary income at fair market value when a cash-method taxpayer gains dominion and control over the rewarded units.

Crypto Cost Basis Methods: FIFO, HIFO, and Specific Identification

Organized cryptocurrency tax lots moving into a wallet-based filing system

Compare FIFO, HIFO, and specific identification under current IRS digital-asset rules, including timely lot selection and wallet-by-wallet basis.

DeFi Taxes: Swaps, Liquidity Pools, Lending, and Yield

Organized DeFi activity connected to separate tax record cards

DeFi tax treatment depends on the assets, rights, and income involved. Learn how to document swaps, liquidity pools, lending, rewards, and fees.

How to Calculate Crypto Capital Gains and Losses

Cryptocurrency acquisition, sale proceeds, fee, and gain or loss arranged as ledger cards

Calculate crypto capital gains using amount realized, adjusted basis, fees, lot identification, and the correct short-term or long-term holding period.

Should a Small Business Hold Crypto? Accounting, Tax, and Controls

Company cryptocurrency wallet, approval controls, ledger, security key, and cash reserves

Before a small business holds or accepts cryptocurrency, document purpose, entity ownership, custody, approvals, accounting, tax, and liquidity controls.

Accepting Crypto Payments: A Recordkeeping Guide for Small Businesses

A practical crypto payment workflow for small businesses: invoices, wallet ownership, dollar values, processor settlements, fees, and reconciliation.

Common Problems With Crypto Tax Software and How to Review Them

Review crypto tax software for missing purchase history, duplicate imports, transfer errors, prices, and balance differences before relying on tax reports.

Bugaboo Bookkeeping
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}