Top 5 Crypto Tax Questions Answered: Wallets, Stablecoins, Losses & IRS Rules

Are you confused about how crypto taxes actually work? 🤔

These are your questions, answered. Clinton Donnelly, founder of CryptoTaxAudit, tackles the Top 5 crypto tax questions our viewers ask most.

What you’ll learn in this video:
• Do you pay taxes on stablecoin transactions?
• What is “cost basis” and why does it matter for crypto?
• Is moving crypto between wallets taxable?
• How do you report crypto trades and exchanges to the IRS?
• Can you use losses to reduce your crypto tax bill?

Clinton explains the rules in plain English with real-life examples, including how losses can carry forward to save you thousands in future years.

🔥 Whether you’re a beginner or seasoned trader, these are the IRS rules you can’t afford to ignore.

📞 Need help filing your crypto taxes or preparing for an IRS audit? Book a consultation today:
👉 https://www.cryptotaxaudit.com/crypto-tax-consultation

🔗 Helpful IRS links:
IRS Virtual Currency Guidance 👉 https://www.irs.gov/filing/digital-assets

IRS Form 8949 for Reporting Capital Gains & Losses 👉 https://www.irs.gov/forms-pubs/about-form-8949

🔔 Subscribe for weekly updates on crypto taxes, audits, and strategies that protect your profits.

⏱️ Timestamps:
00:00 – Do you pay taxes on stablecoin transactions?
01:40 – What is cost basis in crypto?
03:21 – Is moving crypto between wallets taxable?
04:50 – When do you need to report trades to the IRS?
05:50 – How crypto losses can reduce your taxes

#cryptotaxes #cryptotaxaudit #irscrypto #cryptotaxexpert #clintondonnelly

🎙️ About Clinton Donnelly
Clinton Donnelly, LLM, EA, founded CryptoTaxAudit.com, the leading crypto tax and IRS audit defense firm. Known as the “Crypto Tax Fixer,” he has helped thousands of U.S. investors file bulletproof crypto tax returns and defend against IRS scrutiny.

🏆 In 2025, CryptoTaxAudit was named Cryptocurrency Taxation Services of the Year by Financial Services Review.

Our team specializes in:
✅ Complex gain calculations and wallet tracking
✅ Expat and foreign disclosure compliance
✅ IRS audits, defense, and forensic strategies
✅ Audit-resistant crypto tax preparation

📬 Work with us:
👉 https://www.cryptotaxaudit.com/tax-prep-waiting-list

⚠️ NOTICE
Beware of scammers in comments or Telegram groups. We will never ask for your personal information on social media.

📜 Disclaimer: This video is for educational purposes only. Always consult a licensed tax professional before making financial or tax decisions.

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