Eps.373 - May 21, 2025
In this episode of Money Talk with Tiff, host Tiffany Grant dives deep into the world of crypto taxes with special guest Janna Scott. If you’ve ever wondered about the tax implications of trading or holding cryptocurrency, this episode is a must-listen!
Takeaways:
In this episode, we dove deep into the fun and sometimes tricky world of crypto taxes, covering everything from capital gains to income and how they affect your wallet.
Janna Scott, our guest guru, explained that short term capital gains tax rates can range from 28% to 37%, which is a big bite out of your profits if you’re flipping crypto like pancakes!
We learned that everything is reportable when it comes to crypto transactions, regardless of how small, so don’t go hiding those pennies under your mattress!
Janna also shared some eye-opening insights about the IRS’s ability to track crypto transactions through exchanges, so think twice before assuming your crypto is anonymous and safe!
The episode highlighted the importance of keeping track of your transactions, especially if you’re trading regularly, as neglecting this can lead to some serious tax headaches later on.
Janna Scott is the founder and visionary behind DeFi Tax, a groundbreaking platform designed to bring clarity and compliance to the complex world of cryptocurrency tax reporting. With a career…
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Janna Scott of DeFi Tax guides us through the maze of crypto taxation, shedding light on investor challenges, IRS audits, and the murky waters of mining and staking in this…
