🪙 Crypto Mine Mentor Presents - The Strategist’s Guide to Crypto - Vol 4

Crypto might be decentralized, but the IRS? Not so much.

Whether you’re mining, trading, staking, or HODLing, Uncle Sam wants his cut—and pretending crypto is invisible won’t make it so.

This guide breaks down what you actually need to know about crypto taxes—without the jargon, panic, or spreadsheet-induced headaches.

🧾 What Counts as a Taxable Event?

If you’ve done any of the following, the IRS is watching:

💼 Crypto & Taxes: What the IRS Wants You to Know (And What You Actually Need to Do)

Because “I Didn’t Know” Isn’t a Defense Strategy

💬 If it moves, it’s probably taxable.

📊 Capital Gains vs. Income Tax

Capital Gains:
Applies when you sell crypto for more than you paid.
Short-term (<1 year) = taxed like regular income
Long-term (>1 year) = lower tax rate

Income Tax:
Applies to mining, staking, airdrops, and crypto received as payment

🧠 Know your holding period—it can save you money.

🛠️ Tools to Make It Easier

• CoinTracker – Syncs with wallets and exchanges to auto-calculate taxes

• Koinly – Great for international users and DeFi tracking

• ZenLedger – Built for tax professionals and serious traders

✨ Automation = peace of mind.

👩🏽‍💼 Crypto Taxes for Entrepreneurs

If you’re accepting crypto in your business:

• Treat it like income at fair market value on the day received

• Track transactions carefully (use accounting software or crypto tax tools)

• Consider working with a CPA who understands digital assets

💬 Crypto income is still income—just shinier.

💖 Soulful Strategy Takeaway

Taxes aren’t the enemy—they’re part of the strategy.
When you understand the rules, you can play the game with confidence.

💡 Crypto wealth is real wealth. Protect it, report it, and keep building.

📩 What’s Next?

Coming up in Volume 5:
“DeFi Demystified: How to Earn, Lend & Grow in the Wild World of Decentralized Finance”

Follow @CryptoMineMentor and subscribe for soulful crypto strategy that speaks your language.

Selling Crypto for fiat: Taxable- Capital gains apply

Trading one crypto for another: Taxable - Even swaps count

Using crypto to buy goods: Taxable- Treated like selling

Mining rewards: Taxable- Taxed as income

Staking rewards: Taxable- Also income

Buying and holding: Not Taxable - No tax until you sell