Cryptocurrency Purchased to Earn an Income – Part 2

This article is part 2 in our series about cryptocurrency purchased with the intention to earn an income stream. Read Part 1 here. In summary, there is a possibility that an increase or decreases in cryptocurrency values may be on…

Cryptocurrency Purchased to Earn an Income – Part 1

This series of articles is about cryptocurrency purchased with the intention to earn an income stream. The IRD cryptocurrency update provides information about intention and purpose when acquiring cryptocurrency. For the first time, it makes specific reference to tokens that…

Transferring Cryptocurrency Between Wallets or Exchanges

A transfer of a cryptocurrency token from one wallet to another, or from a wallet to an exchange (or vice versa) is not a taxable event. Before and after a transfer, the cryptocurrency token is owned (and controlled) by the…