CoinLedger

@CoinLedger

Crypto taxes done in minutes. The #1 Crypto Tax Software. Track your portfolio, get your tax forms. For support, please email [email protected].

coinledger.io

Joined February 2018

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CoinLedger
@CoinLedger
Jan 15, 2025
Crypto Tax Breaks USA: - Hold your crypto for over 1 year to pay 0-20% on long-term gains. - Gift up to $18,000 of crypto per recipient per year without reporting tax. - You pay 0 long term capital gains if under $47,025 in taxable income.
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CoinLedger
@CoinLedger
12h
Your cold wallet isn't anonymous once it touches Coinbase. The second you deposit from a self-custody wallet, Coinbase ties that address to the KYC info already on file for your or someone else's account. From there, firms like Chainalysis start linking other wallets that might
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CoinLedger
@CoinLedger
Aug 17
How the IRS actually finds unreported crypto income: - Exchange records: KYC exchanges issue 1099 forms and hand over account data on request - Blockchain analysis: the IRS contracts with firms like Chainalysis to map wallet activity and flag undeclared income - Legal tools: the
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CoinLedger
@CoinLedger
Jul 2
Crypto Tax Crash Course (USA) — Simple & Actionable Selling, swapping, or spending crypto = taxable event. Even BTC → ETH counts as selling BTC. Every one of these goes on Form 8949 as a capital gain or loss. 2. Income-Based Crypto (taxed the day you receive it) These are
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CoinLedger
@CoinLedger
Jun 18
🚨 Illinois just did what no state ever has. It is now taxing crypto TRANSFERS, not just gains. Starting Jan 2027: a 0.2% tax on digital asset transactions (exchange, transfer, custody) handled for Illinois customers. It technically falls on the exchange. But they collect it
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