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Tax Glossary
What Is “Cryptocurrency”?
Cryptocurrency is a decentralized digital or virtual currency that is secured by cryptography and recorded on a cryptographically verified distributed...
Tax Glossary
What Is a “Crypto Wash Sale”?
A crypto wash sale refers to the transaction dynamic where an investor sells a cryptocurrency token at a financial loss...
Tax Glossary
What Is a “Crypto Transaction”?
A crypto transaction is any operational movement, exchange, or receipt of digital currency recorded on a secure blockchain ledger. For...
Tax Glossary
What Is “Crypto Staking Income”?
Crypto staking income is the taxable revenue generated when an investor locks up a portion of their cryptocurrency holdings to...
Tax Glossary
What Is a “Crypto Sale”?
A crypto sale occurs whenever you dispose of a cryptocurrency or digital asset in a way that triggers a financial...
Tax Glossary
What Is “Crypto Mining Income”?
Crypto mining income is the taxable revenue generated when an individual or business entity successfully validates transactions on a proof-of-work...
Tax Glossary
What Is a “Crypto Gift”?
A crypto gift occurs when an individual transfers ownership of a cryptocurrency or digital asset to another person out of...
Tax Glossary
What Is a “Crypto Exchange”?
A crypto exchange is a digital platform or marketplace that allows users to trade conventional fiat currencies (like the U.S....
Tax Glossary
What Is a “Crypto Donation”?
A crypto donation is the voluntary transfer of cryptocurrency or digital assets to a qualified tax-exempt organization, such as a...
Tax Glossary
What Is a “Crypto Capital Loss”?
A crypto capital loss is the financial loss realized whenever you dispose of a cryptocurrency or digital asset for less...