Preserving and Growing your Wealth with Crypto Tax Planning

Welcome back to another episode of the Richer geek podcast. Today, I'm happy to have Micah Fraim. Micah is a crypto and NFT obsessed CPA. We need some of those, especially in today's world of non-regulation, I should say, but he's also a bestselling author. And featured in NASDAQ Forbes and money.

 

In this episode, we’re discussing…

 

  •        [2:23] His background and how he got obsessed with NTF’s and crypto

 

 

  •        [5:03] Is crypto tax like a stock, or is it taxed more like gold or silver?

 

 

  •        [8:34] How are Crypto trades taxed?

 


  •        [10:35] How do I track Crypto Activity?

 

 

  •        [12:36] Are crypto P2E (Play-to-earn) Gaming rewards taxable?

 

 

  •        [18:08] Is paying with a crypto debit card or crypto credit card taxable?

 

 

  •        [20:01] About his book, The little big small business

 

 

  •        [22:42] Some of the advice he can talk about when that next
    Bull run comes and watching your taxes?

 

Resources from Micah

Crypto Tax CPA | LinkedIn | Facebook | Twitter | YouTube


ABOUT MICAH FRAIM

Most CPAs are great at taxes and terrible at everything else.

Taxes are still my focus, but I advise people on what is best for the business or individual overall - not just from a tax perspective. My firm deals with businesses of all kinds, but we especially focus on online and other highly scalable businesses.

A few years ago I started investing in crypto and quickly realized that nobody understands how the taxes work. Since then I’ve spent the majority of my time helping clients navigate the Wild West of crypto taxes.

Nichole Stohler