Crypto tax basics: a sane checklist for normal people

Tax rules vary by country and change often, so this is general education. Check your local rules or ask a qualified accountant.

Events that are often taxable

• Selling crypto for fiat.
• Swapping one token for another.
• Spending crypto on goods or services.
• Receiving crypto as income: salary, staking rewards, airdrops, mining.

Events that are often not taxable

• Buying crypto with fiat and holding it.
• Moving crypto between your own wallets.

Records to keep

• Date, asset, amount and price in your local currency for each transaction.
• Exchange exports and wallet addresses.
• Fees paid, which can affect your cost basis.
• Notes on transfers between your own accounts so they are not mistaken for sales.

Habits that save money

• Export transaction history at least once a year.
• Use one cost basis method consistently where your jurisdiction allows a choice.
• Set money aside for the tax bill when you take profits.

This is not tax advice.