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Doing crypto taxes. I do moderator work and make self employed income. Do I have to pay taxes on the income, AND the exchange to fiat? (Excluding the capital gains tax)
I also often reinvest the crypto, which makes it even more complicated. I’m paid in eth, and it seems impossible to directly tie that to when fiat goes out on a tax report. Is income I make just added to cost basis if I reinvest, and if not how does it work? Thinking of getting a tax accountant, but don’t know how much it costs and if I can afford it. Answers to these questions would be much appreciated! Thanks
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May 24, 2022
6:27 PM