Podcast 284: How to navigate Crypto taxes with Micah Fraim
Though starting his career in a corporate setting (and hating it!), Micah struck out on his own and founded his CPA firm in 2013. Micah loves crypto and is involved in it daily – both as an investor and an accountant. But he quickly realized that nobody understands how the taxes work.
Since then he’s spent the majority of his time helping clients navigate the Wild West of crypto taxes.
*DISCLAIMER – We are not giving any financial advice. Please DYOR*
(00:00 – 02:54) Opening Segment
– Micah is being introduced as the guest Host
– Micah shares something interesting about himself
(02:54 – 32:21) How to navigate Crypto taxes
– How Are Crypto Trades Taxed?
– How Are NFTs Taxed?
– How Do I Track Crypto Activity?
– Are Crypto P2E (Play-To-Earn) Gaming Rewards Taxable?
– Does Crypto Qualify for 1031 Exchanges?
– Is Paying With a Crypto Debit Card or Crypto Credit Card
Taxable?
(32:21 – 36:44) Fire Round
– Micah shares his investment strategy
– He also shares his favorite Finance, real estate book, or any related book
– He shares about the website and tools that he can recommend
– Micah’s advice to beginner investors
-Also he shares how he gives back
(36:44 – 37:30) Closing Segment
-If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link.
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