Laura Walter
Laura Walter
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Big Changes Coming for Crypto Taxes in 2025!
#crypto #cryptotaxes #safeharbor
In this video I cover all of the new crypto tax rules for 2025. I also show you how to make the safe harbor election before January 1, 2025. If you haven't done that yet, make sure you do it ASAP!
🔗 To download the Digital Asset Allocation plan and learn more: cryptotaxgirl.com/safeharbor
‼️ To get started with us right away, click here (new clients): www.paypal.com/ncp/payment/B57YH4RRW7XU4
⏳ To get added to our *waitlist, click here (new clients): www.paypal.com/ncp/payment/YADUGX9NE4VLY
☎️ To schedule a call, click here: cryptotaxgirl.com/call
📧 Email us: laura@cryptotaxgirl.com
❌ Follow us on X @cryptotaxgirl
*We are about 4-6 months booked out right now
0:00:00 Intro
0:00:55 Safe Harbor Walk Through (required before January 1, 2025!)
0:04:28 Universal to Wallet-by-Wallet Accounting
0:07:26 Safe Harbor Plan & Rev Proc 2024-28
0:09:57 FIFO Requirement for 2025
0:14:10 1099-DA Reporting
0:16:15 HIFO (Universal) Example
0:17:28 FIFO (Universal) Example
0:18:58 FIFO (Wallet-by-Wallet) Example
0:19:52 Tax Planning Tip for 2025 with Wallet-by-Wallet Accounting Example
0:22:59 Safe Harbor Allocation Example Using a Global Allocation Method
0:27:58 Potential risks of not creating a Safe Harbor Allocation Plan by January 1, 2025
0:30:49 1099-DA Explanation
0:35:06 Outro and contact information
Переглядів: 270

Відео

Entering Crypto Tax Data in TurboTax
Переглядів 3968 місяців тому
In this video, Joe walks through how to properly input your crypto gains & losses into Turbotax! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgirl.com/p/crypto-tax-course?coupon_code=CTGYT&product_id=4570330 You can also book a consultation with Crypto Tax Girl here: calendly.com/d/5dn-pbw-s39/introductory-call Get 10% off Cointracking with...
How To Pull a Final Crypto Tax Report
Переглядів 2929 місяців тому
There are many different options and setting available when pulling final tax reports out of Cointracking.info. So in this video we break all of this down and show you the right way to pull your crypto tax reports! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgirl.com/p/crypto-tax-course?coupon_code=CTGYT&product_id=4570330 You can also boo...
How to Track and Report Bitcoin Ordinal Transactions
Переглядів 1,1 тис.11 місяців тому
Tracking ordinal transactions for tax purposes can be quite tricky right now. Not to worry though! This video covers everything you need to know and shows you the process we use for tracking ordinals. Let us know if you have any questions! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgirl.com/p/crypto-tax-course?coupon_code=CTGYT&product_id...
How to REALLY use Cointracking!
Переглядів 2,7 тис.Рік тому
Using Cointracking can be a bit complicated, especially when you are just starting out. So we made this video which breaks down all the important features and functions of Cointracking to help make doing your crypto taxes easier! Let us know if you have any questions! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgirl.com/p/crypto-tax-course...
The Easiest Way to Reduce Your Crypto Tax Bill
Переглядів 247Рік тому
The easiest way to reduce your overall gain from crypto is by incorporating the fees you paid throughout the year! Most crypto tax softwares will break this information out for you but they won’t factor it into your final numbers. In this video we break down everything you need to know about fees and how to incorporate them into your calculations. Want more info? Check out our step-by-step guid...
How to Understand a Crypto Block Explorer
Переглядів 563Рік тому
Nearly all crypto transactions can be viewed by using the correct block explorers. Knowing how to read and understand these block explorers will help you tremendously in your crypto journey! Check out this video and learn everything you need to know about crypto block explorers like Etherscan! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgi...
How to Label Wallets in a Crypto Tax Software
Переглядів 213Рік тому
Labeling wallets properly in a crypto tax software will make reconciling your account much faster and easier! Check out how the pros do it in this video! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgirl.com/p/crypto-tax-course?coupon_code=CTGYT&product_id=4570330 You can also book a consultation with Crypto Tax Girl here: calendly.com/cryp...
How to Make Crypto Taxes Easy!
Переглядів 231Рік тому
Doing your own crypto taxes can be a real pain, especially if your data is not organized properly. In this video we walk you through how to keep you all of your crypto wallets and exchanges in order! Following this process will save you so much time and headache come tax time! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgirl.com/p/crypto-t...
How to Use Stake Tax to Reconcile COSMOS data and more!
Переглядів 180Рік тому
In this video Joe walks through how you can use the site Stake.tax to make your reconciliation process a breeze! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgirl.com/p/crypto-tax-course?coupon_code=CTGYT&product_id=4570330 You can also book a consultation with Crypto Tax Girl here: calendly.com/cryptotaxgirl/consultation Get 10% off Cointr...
How to Fix A Negative Coin Balance in Cointracking
Переглядів 2,4 тис.Рік тому
If you have negative balances showing in Cointracking or any other crypto tax software that means something is not accurate with the current data you have loaded in. This video will walk you through how to find the negative balance and how to go about fixing it! Want more info? Check out our step-by-step guide on how to do your own crypto taxes: learn.cryptotaxgirl.com/p/crypto-tax-course?coupo...
How to Save $1000s On Your Crypto Taxes
Переглядів 153Рік тому
In this video Joe breaks down our main process for cleaning up crypto tax data. Follow along and learn the secret step to doing your own crypto taxes that will help save you money! The Step-by-Step Guide to Doing Your Own Crypto Taxes - cryptotaxgirl.com/learn Cointracking Discount - cryptotaxgirl.com/cointracking If you need help with your crypto taxes email us at hello@cryptotaxgirl.com
Welcome to Crypto Tax Girl
Переглядів 2,4 тис.Рік тому
cryptotaxgirl.com/ Learn how to calculate and file your crypto taxes on your own: cryptotaxgirl.com/learn Schedule a consultation: calendly.com/cryptotaxgirl Get help with your taxes and/or help calculating your crypto gain/loss report: hello@cryptotaxgirl.com
Tax-Loss Harvesting - How to save to tons of money on your taxes!
Переглядів 3192 роки тому
Tax-loss harvesting can save you thousands of dollars on your tax bill. In this video my team crypto manager (Joe) breaks down what tax loss harvesting is and how you can utilize it before the end of the year. If you need help with harvesting losses or anything related to crypto taxes, email us at hello@cryptotaxgirl.com To find my courses and schedule a consultation go to cryptotaxgirl.com/
Crypto Tax Girl Welcome Video
Переглядів 10 тис.5 років тому
cryptotaxgirl.com/ Schedule a consultation: calendly.com/cryptotaxgirl Learn how crypto is taxed: cryptotaxgirl.com/course Learn how to calculate your gains & losses and correctly report them on your tax return: cryptotaxgirl.com/learn Get help with your taxes and/or help calculating your crypto gain/loss report: cryptotaxgirl@gmail.com
How to Calculate Cryptocurrency Taxes - Cointracking Tutorial by Crypto Tax Girl
Переглядів 52 тис.5 років тому
How to Calculate Cryptocurrency Taxes - Cointracking Tutorial by Crypto Tax Girl
Form 4868 | How to File an Extension for Your Taxes
Переглядів 8 тис.6 років тому
Form 4868 | How to File an Extension for Your Taxes

КОМЕНТАРІ

  • @Patricia-u8l8s
    @Patricia-u8l8s 3 години тому

    You're doing a fantastic job! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

  • @5MegapixelWorld
    @5MegapixelWorld 4 години тому

    In your last example transferring from Gemini to Ledger and then the "same" BTC to Binance, who's to say that the BTC I transferred to Binance was from Gemini, Kucoin or Coinbase? Am I going to have to have a cold wallet for each exchange I deal with for each specific crypto? This is bonkers.

    • @CreateSmarter
      @CreateSmarter 3 години тому

      100%. It's insane. The ability to transfer assets between wallets is what makes crypto what it is. This will only lead to more confusion and chaos, which is the opposite of what is needed in the world of crypto taxes.

  • @fightthebully3331
    @fightthebully3331 5 годин тому

    What if I sell everything this year will I be free from this?

  • @fightthebully3331
    @fightthebully3331 5 годин тому

    I have crypto in cold storage and some on the exchange. Can i sell what i have on the exchange before next year?

  • @fightthebully3331
    @fightthebully3331 5 годин тому

    I need help! So confused. Okay so I have to have each crypto in their own perspective wallet. If I have three East wallets I have to consolidate them all in the cold storage that I have them in. If I have crypto on exchanges I can leave them there as long as they're in their own perspective wallet correct?

  • @davelocke2427
    @davelocke2427 Місяць тому

    Hey I have funds in coin tracker and I’m not really sure what I am doing for withdrawal a wallets could you possibly help me thanks !

  • @keith8474
    @keith8474 Місяць тому

    What about entering income (staking, mining, etc.)?

  • @pr4nk5tr
    @pr4nk5tr Місяць тому

    Looks like they've changed their website - not possible to import from blockchain address anymore, as far as I can see :-(

  • @georgeschlaline6057
    @georgeschlaline6057 2 місяці тому

    Hey tax girl Show me your socks

  • @sotesgerg
    @sotesgerg 2 місяці тому

    For withdarwal and transfer to a bank account, is it necessary to have a guarantee amount in the bank account ? Thanks

  • @nucreation9833
    @nucreation9833 3 місяці тому

    Love all your videos!!! Thank you so much. Bless you guys. Can i work for you guys remotely?? =)

  • @nucreation9833
    @nucreation9833 3 місяці тому

    Amazing video my friend!! These videos are a blessing for me.

  • @nucreation9833
    @nucreation9833 3 місяці тому

    Great recommendation!! Thank you

  • @nucreation9833
    @nucreation9833 3 місяці тому

    I can not believe that people are not making comments here. At least giving thanks and being grateful for this information.

  • @nucreation9833
    @nucreation9833 3 місяці тому

    Hi guys thanks for the video. Is the course updated to the new version of CoinTracking 2024?

  • @Travyo
    @Travyo 3 місяці тому

    This was extremely helpful. Thanks. One question, however: What do I do about the negative USD/USDT balances?

    • @cryptotaxgirl
      @cryptotaxgirl 3 місяці тому

      You're welcome! I wouldn't worry about negative USD balances. If you have negative USDT balances it likely is because you are missing a purchase of USDT somewhere.

  • @mithra2396
    @mithra2396 3 місяці тому

    That was very very helpful. Thank you again

  • @alexanderfrost1476
    @alexanderfrost1476 4 місяці тому

    thanks

  • @lugiebru2157
    @lugiebru2157 6 місяців тому

    I need help to get my transaction on coin base wallet that went into block explorer. Is this something you could help me with, thanks Bruce L

  • @PhilFurlong-eb7fc
    @PhilFurlong-eb7fc 8 місяців тому

    what does "that just means the data is not accurate and you may need to look look into it further" (0:40) entail? I mean if the csv is being used and its created the negative balance then what? I have records that say i sold more then i purchased on the csv.

    • @lauranick3373
      @lauranick3373 7 місяців тому

      It sounds like the CSV wasn't complete and you are missing data, or the data pulled through incorrectly.

    • @PhilFurlong-eb7fc
      @PhilFurlong-eb7fc 7 місяців тому

      @@lauranick3373 i downloaded the csv 3 times - they're all the same. Its the' looking into it further ' that puzzles me... like isnt the CSV the only thing there is to look into? In that year i made over 200,000 trades on Kucoin susing bitsgap bots... this example in the video looks like manually trading which might be simpler then reviewing a huge amount of grid trading where the balances cannot be totalled periodically to find "where it goes negative" you follow

  • @wombatt360
    @wombatt360 8 місяців тому

    So if there's a discrepancy between cointracker and coinbase, I need to just "Look into it." Great....

  • @careinke
    @careinke 9 місяців тому

    You mention the course but do not give a link. I cannot find it. Thanks

    • @cryptotaxgirl
      @cryptotaxgirl 9 місяців тому

      cryptotaxgirl.com/learn

    • @careinke
      @careinke 9 місяців тому

      @@cryptotaxgirl Just signed up for it, having trouble getting all my wallets on board. Hoping the course will help. My first purchase BTC purchase was in 2014.

  • @MichaelJayRara
    @MichaelJayRara 9 місяців тому

    Amazing app! i just saved time doing data entries as a freelance accountant. wondering if there are other sites same to Stake.tax.

  • @gnarxy
    @gnarxy 9 місяців тому

    getting so sick of paying for crypto tax software and they can't keep up with the ecosystems. First they didn't understand LP tokens. Next year they didn't understand credit card rewards. this year its ordinals. My eyes bleed every year doing taxes b/c there is always something you still must do manually

  • @stableschippenham
    @stableschippenham 9 місяців тому

    conceptually is bitcoin ordinal numbering akin to say a stack of bank notes with sequenced serials, and if you want to send a specific serial you need to "cut" the stack at the required serial? if so does the following analogy with a deck of cards also fit? ua-cam.com/video/yO7fG-JrNOE/v-deo.html

  • @parttime3334
    @parttime3334 10 місяців тому

    I would have liked to see some input on the NFT but, you went right past it like it doesn't exist so that was a waste

    • @nucreation9833
      @nucreation9833 3 місяці тому

      why can you just be nice , thank them for the video and then ask them if they can explain that in another video? You need to look into being grateful in life.

  • @chrish.4729
    @chrish.4729 Рік тому

    Thanks, Joe! Great video on how to use Cointracking. When you can, please post a video or tweet on how best to account for the initial Voyager bankruptcy distribution on our 2023 tax return. There are a lot of ex-Voyager customers out there who would greatly appreciate some general tax guidance on this confusing issue with the option for an additional 1-on-1 paid consultation with Laura.

  • @dmagbills
    @dmagbills Рік тому

    Do you have any promo codes for your course?

    • @cryptotaxgirl
      @cryptotaxgirl Рік тому

      Yes right now if you use code EXTENSION you can get $50 off!

  • @amaleabaish515
    @amaleabaish515 Рік тому

    🏃 *Promo SM*

  • @jhgctsdf
    @jhgctsdf Рік тому

    Very helpful! Keep up the great videos please.

  • @kitbiggz6135
    @kitbiggz6135 Рік тому

    Hello watched your Cointracking video years ago. Is that what your still using?

  • @rosshutton6983
    @rosshutton6983 Рік тому

    where are you located what state if az do you have walk in to help?

    • @cryptotaxgirl
      @cryptotaxgirl Рік тому

      I am located in Utah and work with all of my clients virtually. You can reach me at laura@cryptotaxgirl.com :)

  • @cripto2bros398
    @cripto2bros398 2 роки тому

    When I sell at a loss, does that mean sell your crypto for fiat or can it be a stable coin?

  • @kathylewis7091
    @kathylewis7091 2 роки тому

    Hi Laura, I bought your course last year and it helped me so much. Do you have an updated version? (mine says out of date) Can I pay for an upgrade at a discount?

    • @cryptotaxgirl
      @cryptotaxgirl 2 роки тому

      Unfortunately I don't, but feel free to set up a call here if you have more questions: calendly.com/cryptotaxgirl

  • @AstronomyLive
    @AstronomyLive 2 роки тому

    How do you deal with emigration tokens?

  • @Archie-td6ox
    @Archie-td6ox 2 роки тому

    music overlay is very distracting and makes it difficult to hear you

  • @moonrunner5281
    @moonrunner5281 2 роки тому

    Hi, If I have used a trezor wallet as well as Exodus and MM and then traded on 2 exchanges do i need to input Exodus if all it seems to do is create doubles of Trezor and Eth on MM? I did need to import one BTC Transaction fromExodus but all the rest seemed to come through and i have no missing transactions in the Reporting tab.

  • @pamelab.6396
    @pamelab.6396 2 роки тому

    LAURA, does your course show how to enter derivative trades? I'm stumped there.

  • @donna2theg
    @donna2theg 2 роки тому

    Will you be able to teach how to enter derivatives trades?

  • @joshuawise2775
    @joshuawise2775 2 роки тому

    If I buy BTC for 10k and it goes up to 60k total, than I pull out my initial 10k investment and keep my gains (50k) in my wallet. Is this a taxable event?

  • @DannyH77
    @DannyH77 2 роки тому

    My coin tracker is adding up right

  • @Ddstairclimber
    @Ddstairclimber 2 роки тому

    but if you dont have a lot of krypto activity like 20 or less transactions per year you dont need the paid version do you?

  • @ChrisSmith-oy8pf
    @ChrisSmith-oy8pf 2 роки тому

    Could you do a video on a proper way to track or report Drip on the Drip Network? It doesn't seem to have a way to track it on coin tracker I don't believe. Thanks.

  • @aleksaaaa7772
    @aleksaaaa7772 2 роки тому

    What if i deposited something in ETH and made withdrawal in LTC? It wont have a matching counterpart. What do i do in this case?

  • @aleksaaaa7772
    @aleksaaaa7772 2 роки тому

    Hi, i did that and almost no coins match up (there is always small difference) i assume because of the withdrawal cost. Do i need to add those manually?

  • @TimothyHaney
    @TimothyHaney 2 роки тому

    Laura, I went to your learning website, but did not see information regarding yield farming. So do we pay tax on the yield and also when we sell for fiat?

    • @cryptotaxgirl
      @cryptotaxgirl 2 роки тому

      Yes yield farming is taxed as income, and then you would also have a capital gain/loss when you sell/trade/spend depending on whether it went up or down in value from when you originally acquired it. Good luck!

  • @Embracemydestiny
    @Embracemydestiny 2 роки тому

    Can you please please please do some updated videos, especially in regards to defi? Thank you!!

  • @ca8204
    @ca8204 2 роки тому

    Thank you! ,Laura your topic is very interesting to learn more. ✨🌟💗🌟💜🌟✨ 🌟💗💜💜💜💜🌟 🌟💗💜💜💜💜🌟 🌟✨💜💜💜✨🌟 🌟✨✨💜✨✨🌟 ✨🐬✨🐬✨🐬✨

  • @fivestaruk
    @fivestaruk 2 роки тому

    hi, thanks this video is great. interested in your course - is it up to date with the latest Coin Tracking features? appreciate this video is a few years old now so assuming Coin Tracking have added new features?

    • @cryptotaxgirl
      @cryptotaxgirl 2 роки тому

      Yeah there are some new features now which makes the process a little more streamlined :)

    • @fivestaruk
      @fivestaruk 2 роки тому

      @@cryptotaxgirl great, is that in your course? wondering how up to date it is?

  • @chrisp7405
    @chrisp7405 2 роки тому

    This is one of the only helpful videos i've found on what to actually do