The guide goes over basic concepts like how crypto is taxed, how the government defines property and commodities, and when someone pays the levy; it also includes topics such as guidance for both U.S. and non-U.S. investors, the tax treatment for disposal of crypto assets and the incurring of crypto losses, how the wash sale rules applies, how to track gains and losses, trading and minting NFTs, and other aspects of how virtual currency interacts with tax rules.
It also reminds people that, in the U.S. at least, a crypto sale always triggers a taxable event — the IRS requires taxpayers to report any gains, even if they are made in an alternative digital asset.
