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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)$89,456.00-2.64%
  • ethereumEthereum(ETH)$3,027.14-2.90%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.03-2.88%
  • binancecoinBNB(BNB)$882.45-1.61%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$132.34-5.11%
  • tronTRON(TRX)$0.2861161.25%
  • staked-etherLido Staked Ether(STETH)$3,025.79-2.46%
  • dogecoinDogecoin(DOGE)$0.138703-5.76%
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  • bitcoinBitcoin(BTC)$89,456.00-2.64%
  • ethereumEthereum(ETH)$3,027.14-2.90%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.03-2.88%
  • binancecoinBNB(BNB)$882.45-1.61%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$132.34-5.11%
  • tronTRON(TRX)$0.2861161.25%
  • staked-etherLido Staked Ether(STETH)$3,025.79-2.46%
  • dogecoinDogecoin(DOGE)$0.138703-5.76%