The Future of Money: Links and Resources

Disclaimer: I am not an investment advisor. All opinions are mine alone there are risks involved in placing any investment in securities or cryptocurrencies or other assets. None of the information presented here is intended to form the basis for any offer or recommendation or have any regard to the investment objectives, financial situation or needs of any specific person (e.g., you). The information I provide is for informational/entertainment purposes only.

What is Blockchain

 

High-Level Explanation

More Detailed Explanation

Other Resources to Explain Blockchain

  • Let’s Play the Blockchain Game

Private Keys

Blockchain Explorers

Introduction to Crypto as an investment

Taxes: Crypto as Income

Taxes: Crypto as a Gift

Taxes: Crypto as Property

Taxes: Using Cryptocurrency to buy Goods or Services

Online Shopping

Crypto Debit/Credit Cards

Taxes: Documentation

These sites will convert your crypto trades to IRS Format or a format that integrates with your tax software or consolidate all your transactions by reading a blockchain.

Tax Planning: Loss Harvesting

Tax Planning: Self Directed Roth IRA

Tax Planning: Charitable Remainder Trust

Tax Planning: Location, Location, Location!

Estate Planning: Key Management

Tax Software for Crypto

Referenced or Related IRS Documents

  • Internal Revenue Bulletin 2006-46, Notice 2006-96 – “Guidance Regarding Appraisal Requirements for Noncash Charitable Contributions”
  • IRS Section 1.170A-13 – “Recordkeeping and Requirements for Deductions of Charitable Contributions”
  • IRS Publication 561 – “Determining the Value of Donated Property”
  • IRS Notice 2014-21 – IRS Virtual Currency Guidance
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