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Accounting Basics

Accounting Basics

Make heads and tails of debits and credits.

10 articles
Angel avatarMorgan avatarPatrick Larsen avatar
Written by Angel, Morgan and Patrick Larsen

Tax Professional Plan vs. DIY Plan

Difference in Plans
Angel avatar
Written by Angel. Updated over a week ago

Tax Loss Harvesting Guide

Tax Loss Harvesting
Morgan avatar
Written by Morgan. Updated over a week ago

How will cryptocurrency investments affect my taxes?

Do I have to pay tax on forks, trades, transfer, airdrops, or gifts? Which other crypto transactions are taxable?
Morgan avatar
Written by Morgan. Updated over a week ago

My holdings are down for the year and not profitable overall. Why do my reports show a gain?

When you think your reports should show a loss, but the system calculates a capital gain.
Morgan avatar
Written by Morgan. Updated over a week ago

How does the calculation of capital gains work?

Morgan avatar
Written by Morgan. Updated over a week ago

How do you calculate fair market value?

Morgan avatar
Written by Morgan. Updated over a week ago

How are trading fees accounted for?

How do you account for fees? How can I manually mark a fee?
Morgan avatar
Written by Morgan. Updated over a week ago

Why is a Crypto to Crypto trade a taxable event?

Patrick Larsen avatar
Written by Patrick Larsen. Updated over a week ago

What is a taxable transaction? How is cost basis determined for my transactions?

What events are taxable? What does HIFO/LIFO/FIFO mean?
Morgan avatar
Written by Morgan. Updated over a week ago

What are the tax rates? How is crypto taxed?

Learn more about crypto taxation and capital gains
Morgan avatar
Written by Morgan. Updated over a week ago
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