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Tax expert says buying crypto is not a taxable event

March 14, 2022 by DIGIT
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Purchasing crypto with fiat or any “unrealized appreciation” are not taxable events according to Thomas Shea, an EY crypto tax executive.

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Categories Bitcoin, Crypto, Tax
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  • bitcoinBitcoin(BTC)$100,561.00-5.33%
  • ethereumEthereum(ETH)$3,645.16-6.14%
  • tetherTether(USDT)$1.00-0.13%
  • rippleXRP(XRP)$2.33-9.72%
  • binancecoinBNB(BNB)$693.46-3.49%
  • solanaSolana(SOL)$207.75-7.42%
  • dogecoinDogecoin(DOGE)$0.360408-8.64%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • staked-etherLido Staked Ether(STETH)$3,640.86-6.08%
  • cardanoCardano(ADA)$0.97-7.92%
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  • bitcoinBitcoin(BTC)$100,561.00-5.33%
  • ethereumEthereum(ETH)$3,645.16-6.14%
  • tetherTether(USDT)$1.00-0.13%
  • rippleXRP(XRP)$2.33-9.72%
  • binancecoinBNB(BNB)$693.46-3.49%
  • solanaSolana(SOL)$207.75-7.42%
  • dogecoinDogecoin(DOGE)$0.360408-8.64%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • staked-etherLido Staked Ether(STETH)$3,640.86-6.08%
  • cardanoCardano(ADA)$0.97-7.92%