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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)$88,794.001.25%
  • ethereumEthereum(ETH)$2,967.240.96%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$839.68-0.33%
  • rippleXRP(XRP)$1.86-0.32%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$122.710.25%
  • tronTRON(TRX)$0.279539-0.25%
  • staked-etherLido Staked Ether(STETH)$2,964.090.88%
  • dogecoinDogecoin(DOGE)$0.125289-2.38%
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  • bitcoinBitcoin(BTC)$88,794.001.25%
  • ethereumEthereum(ETH)$2,967.240.96%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$839.68-0.33%
  • rippleXRP(XRP)$1.86-0.32%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$122.710.25%
  • tronTRON(TRX)$0.279539-0.25%
  • staked-etherLido Staked Ether(STETH)$2,964.090.88%
  • dogecoinDogecoin(DOGE)$0.125289-2.38%