RyanH5
Employee Tax Expert
Member profile
Hi, I'm an enrolled agent. I have 13+ years of tax experience, three of which are as a tax expert with TurboTax.
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- Posts
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Most trackers do differentiate between capital transactions, staking, and mining.For income tax purposes, staking income will be the fair market value of the co...
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Hi Golfer55. Thank you for joining us today.Unfortunately, yes any depreciation allowed of allowable to take as a deduction would be subject to recapture. This ...
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Hi Cullenbarbiefr. Thank you for joining us today.Any gift from one individual to another including, children and other family members,(except for spouses) is s...
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Hi Craigory0055. Thank you for joining us today.Transaction fees are added to your basis amount. Basis is subtracted from the sales proceeds to determine gain o...
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Yes.If the holding period is one year or less, then it will be a short term capital gain (or loss). If the holding period is longer than one year, then it will ...
Activity Feed for RyanH5
- Got Cheered for Re: If I only exchange my crypto, but don’t cash it out, how is that taxed?. ‎November 19, 2023 5:05 AM
- Posted Re: Crypto Tax Reporting Tools on Get your taxes done using TurboTax. ‎November 16, 2023 7:57 AM
- Got Cheered for Re: Also, are the transaction fees deductible when buying or selling?. ‎November 15, 2023 3:45 PM
- Posted Re: Depreciation recapture on sale of rental property on Get your taxes done using TurboTax. ‎November 15, 2023 2:00 PM
- Posted Re: IRA cash gifts to family member to pay off loan? on Get your taxes done using TurboTax. ‎November 15, 2023 1:52 PM
- Posted Re: Also, are the transaction fees deductible when buying or selling? on Get your taxes done using TurboTax. ‎November 15, 2023 1:41 PM
- Got Cheered for Re: tax implications when i use bitcoin to buy something. ‎November 15, 2023 1:23 PM
- Posted Re: tax implications when i use bitcoin to buy something on Get your taxes done using TurboTax. ‎November 15, 2023 1:19 PM
- Posted Re: If I only exchange my crypto, but don’t cash it out, how is that taxed? on Get your taxes done using TurboTax. ‎November 15, 2023 1:13 PM
- Got Cheered for Re: tax implications when i use bitcoin to buy something. ‎November 15, 2023 1:04 PM
- Posted Re: tax implications when i use bitcoin to buy something on Get your taxes done using TurboTax. ‎November 15, 2023 12:49 PM
- Got Cheered for Re: Crypto Tax Reporting Tools. ‎November 15, 2023 12:42 PM
- Posted Re: Crypto Tax Reporting Tools on Get your taxes done using TurboTax. ‎November 15, 2023 12:34 PM
- Cheered Re: Crypto payments from offshore broker forex gains for Terri Lynn . ‎November 15, 2023 12:23 PM
- Got Cheered for Re: Crypto Tax Reporting Tools. ‎November 15, 2023 12:23 PM
- Posted Re: Crypto Tax Reporting Tools on Get your taxes done using TurboTax. ‎November 15, 2023 12:22 PM
- Posted Re: I need to know if anyone can tell me about how to handle money collected from contributions from forum memberships to a PayPal account, that helps pay for forum cost? on Get your taxes done using TurboTax. ‎November 15, 2023 11:56 AM
- Cheered Re: Is Crypto Mining taxed? for MelanieCPA. ‎November 15, 2023 11:50 AM
- Got Cheered for Re: Any advantage to start LLC this tax year vs waiting until the start of next. ‎October 29, 2023 3:07 PM
- Got Cheered for Re: Bonus depreciation for items bought before business start date. ‎October 25, 2023 6:31 PM