Crypto Taxes: 2024 Tax Year Edition

"If you fail to plan, you are planning to fail" - Benjamin Franklin.

Crypto taxes may seem intimidating to many, as it combines two daunting words: "taxes" and "crypto." People often dread tax season for the same reason—they fear the unknown. Crypto, too, sparks anxiety, mostly because it's not yet fully understood. I used to share that mindset, but not anymore. There are three things worth paying well for: flowers for your spouse, a good attorney, and a knowledgeable CPA. My passion for emerging technology in the blockchain sector has also led me to become a teacher—a teacher who bridges the traditional (TradFi) financial norms with those of tomorrow.

Soon, cryptocurrency will be mainstream, directly integrated into our financial systems. To help you adapt to this new reality, I’ve created an annual crypto tax guide to update you, the reader, on how to prepare your records for your CPA. As you read this, remember: there’s no such thing as a "tax season." This guide is here to help you stay ready for tax filings year-round.

“This book seeks to demystify the often-daunting process of taxation, particularly as it relates to the world of crypto. The book provides readers with clear, actionable advice to stay organized year-round. With a practical approach to help bridge the gap between traditional finance and the emerging crypto world, the book makes complex tax concepts feel accessible and manageable. A truly great resource for anyone looking to navigate crypto taxes confidently in an evolving digital and financial landscape”.