When you pay crypto taxes and when you don’t

Crypto Tax Principles
“While crypto taxes can be complicated, the key principles are not. Fix these ideas in your head:

These are taxable events:
Selling crypto.
Trading crypto.
Buying stuff with crypto.
Receiving crypto from airdrops, hard forks, staking rewards, and the like.

These are not taxable events:
Buying crypto.
Donating crypto to a tax-exempt organization.
Gifting cryptocurrency (though large gifts may trigger a gift tax)
Transferring crypto from one account to another.” - John Hargrave


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