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Shehan Chandrasekera, CPA

Shehan Chandrasekera, CPA

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Recent Posts

4 min readCrypto

Foreign Filing Requirements for US Cryptocurrency Investors

3 min readCrypto

The Puerto Rico Crypto Tax Loophole

8 min readCrypto

Do you have to report ETH staking? Ethereum staking and tax guide for 2025

3 min readCrypto

Not Every Crypto Gain Is Created Equal

3 min read2019

Can You Write Off Crypto Scams?

23 min readCrypto

Cryptocurrency Tax Write-Off Guide

2 min readtax

A Crypto Tax Loophole Every Crypto Trader Should Know

3 min readselfdirected

How To Grow Your Crypto Tax-Free

5 min readcryptocurrency

Strategies to Reduce Your Crypto Tax Bill

2 min readcryptocurrency

Why Your Crypto Tax Bill May Be About to Decrease

3 min readcryptocurrency

IRS Sends Cryptocurrency Tax Warning Letters: 6173, 6174, and 6174-A

2 min read#taxfunction

A Three-Step Guide to Filing Your Crypto & NFT Taxes

5 min readcryptocurrency

Five Ways to Reduce Your Crypto Tax Bill with IRS Deductions

5 min readcrypto

Is crypto subject to the new IRS §6050I reporting?

5 min readCrypto

Ways to Lower Your Crypto Tax Bill: Which Cost Basis Method is Best?

2 min readcrypto

Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting

2 min read#taxfunction

Three Reasons Why You Should File Your Crypto Taxes

5 min readtax

Are investment expenses and financial advisor fees tax deductible?

1 min readCrypto

Up To 350,000 Aussies Receiving Crypto Tax Notices

4 min read2020

Why You Should File Your Crypto Taxes

2 min readCrypto

Cryptocurrency Tax Q3 2020 Recap

10 min readCrypto

Cryptocurrency Staking Tax Guide

16 min read#taxfunction

2024 DeFi Tax Guide

4 min readcrypto

Simple Crypto Tax Saving Strategies For Bitcoin Holders

5 min readcryptocurrency

Maker Vaults (CDPs) Tax Guide

3 min readcryptocurrency

Updates to Multi-Collateral Dai and How to Account for Dai Interest on Your Crypto Taxes

2 min readIRS

The IRS is Sending Another Round of Crypto Tax Warning Letters

3 min readCrypto

Stablecoins Are Booming, But What Are The Tax Consequences?

3 min readCrypto

How Cryptocurrency Swaps Are Taxed

3 min readcoinbae

The Rise of Crypto Debit Cards and Their Tax Challenges

7 min readCrypto

2024-2025 Crypto Tax Loss Harvesting Guide

2 min read2019

Tax Court Denies Crypto ‘Whale’ A Payment Plan, Expects Liquidation To Pay Off Debt

2 min readmonero

IRS Is Trying To Deanonymize Privacy Coins Like Monero And Zcash

4 min read

Bull Market Crypto Tax Saving Strategies

2 min readcryptocurrency

2020 is the Year of Crypto Tax Compliance

3 min readcrypto

Three Common Crypto Tax Pitfalls To Avoid

2 min read

Biden Proposes More Stringent Regulations To Catch Crypto Tax Evaders

6 min read#taxfunction

ATO subjects DeFi transactions to capital gains tax

6 min readcryptoquestion

Cryptocurrency Question On IRS Schedule 1: “Receive” Category (Part 2 Of 6)

2 min readvirtual

IRS Clarifies Crypto Tax Question on 1040 Tax Returns

2 min readirs

How the Inflation Reduction Act (IRA) Affects Crypto Users

2 min read#taxfunction

Cryptocurrency Buys Are Not Reportable To The IRS

8 min readCrypto

How to avoid taxes on crypto: 8 strategies

9 min readCrypto

Guide to India Cryptocurrency and Bitcoin Taxes (AY 2023-24 Edition)

3 min read#taxfunction

IRS Says That Like-Kind Exchanges Were Never Allowed for Bitcoin, Ether, and Litecoin

4 min readCrypto

The Big Moments Of The Crypto Tax Space In 2019 And A Look Into 2020

3 min readcrypto

How You Can Earn Bitcoin Tax Free

2 min readcryptocurrency

Latest Bitcoin News From the IRS

2 min readstimulus

Thinking Of Investing Your Stimulus Check In Crypto? Here’s What You Should Know

7 min readDeFi

Disappearing DeFi rewards: Understanding impermanent loss in crypto

5 min readCrypto

Is sending crypto a taxable event? What investors should know

5 min readCrypto

What is a digital asset? Cryptocurrency and tax law

3 min readCrypto

How Does the IRS Know If You Owe Bitcoin and Cryptocurrency Taxes?

3 min readTIGTA

IRS Increasing Scrutiny of Cryptocurrency Exchanges

3 min readCrypto

How to Make Money When Your Crypto Portfolio is Losing Money

3 min read

Congress is Trying to Disallow Wash Sales for Cryptocurrency

3 min readBitcoin

Bitcoin Vs. Stocks: Which Is More Tax Efficient Investment?

3 min read2019

How To Make Money When The Cryptocurrency Market Is Tanking

5 min read#taxfunction

What to do if your crypto 1099 tax forms have errors

5 min readCrypto

Cryptocurrency Question On IRS Schedule 1: Background (Part 1 Of 6)

1 min readuk

Coinbase Discloses Dump of Crypto User Data to UK Tax Authority

3 min readcrypto

Cryptocurrency Question On IRS Schedule 1: ‘Financial Interest’ Category (Part 6 of 6)

2 min read2020

What Happened In The Cryptocurrency Tax Space In Q2 2020

5 min readtrading

Are crypto trading fees tax deductible? What you need to know

2 min readCrypto

Crypto Tax Evasion is a Criminal Offense

4 min readcryptocurrency

How Staking Tezos May Generate ‘Rental’ Income

3 min readbiden

Biden vs. Trump: How Their Tax Policies Impact Cryptocurrency

7 min readCrypto

Navigating crypto audits: Tips for staying tax compliant

3 min readcrypto

One Simple Tax Election Could Let Crypto Traders Write Off Unlimited Losses

2 min read#taxfunction

IRS Clarifies Bitcoin Cash Hard Fork Tax Implications

6 min readCrypto

Do you have to pay crypto taxes if you reinvest?

6 min readIRS

New IRS Cryptocurrency Tax Guidance

18 min readCrypto

Serving Your First Crypto Tax Client

17 min readcryptocurrency

Ultimate Australia Crypto Tax Guide (2023 - 2024)

3 min readoecd

OECD Proposes Framework to Tax Cryptocurrencies

1 min readCrypto

IRS Extends Tax Deadline for Taxpayers Affected by Texas Storms

3 min readCrypto

How to Eliminate Crypto Capital Gain Taxes by Investing in Opportunity Zones

7 min read

How a Farmer Lost 100,000 Bitcoin

7 min readCrypto

HIFO vs. FIFO: Which method is better for you?

1 min read2020

The IRS is Asking Every American Whether They Own Cryptocurrency in 2020

5 min readCrypto

What Investors Need to Know About Draft Form 1099-DA

4 min read#taxfunction

ETH2 Staking and Crypto Taxes

3 min readcrypto

Are Cryptocurrency Loans Taxable?

3 min readstaking

When Should Staking Be Taxed?

2 min readcryptocurrency

CoinTracker Partners with Wolters Kluwer to Simplify Crypto Taxes for Accountants

4 min readcryptoquestion

Cryptocurrency Question On IRS Schedule 1 : “Send” Category (Part 4 Of 6)

3 min readcrypto

How Uniswap Taxes Work

1 min readCrypto

IRS Extends the Tax Deadline to May 17, 2021

4 min readCrypto

What Happened In Cryptocurrency Tax Space In Q1 2020

2 min read1040

IRS Updates the Crypto Question on 2022 Draft Form 1040

3 min readCrypto

FinCEN Moves to Regulate Self-Custodied Crypto Wallets

3 min readBitcoin

How to Optimize Your Cryptocurrency Taxes with Capital Gains & Losses

4 min readcryptocurrency

Cryptocurrency Question On Schedule 1: ‘Exchange’ Category (Part 5 of 6)

3 min readIRS

IRS and FinCEN clarify cryptocurrency reporting rules: Like-Kind Exchanges, Specific ID, FBAR, and Airdrops

2 min read2019

How to Pay Zero Crypto Taxes on Crypto Profits?

1 min readcryptocurrency

For the First Time in US History, Tax Deadline Extended

4 min readIRS

How the IRS is Approaching Cryptocurrency Compliance: Updates from the IRS Chief Counsel

2 min readCrypto

Thinking Of Hiring A ‘Crypto CPA’? Read This First

3 min readbackground

Cryptocurrency Question On IRS Schedule 1: “Sell” Category (Part 3 of 6)

2 min readCrypto

The IRS Is Hiring Consultants To Crack Down On Cryptocurrency Tax Evasion

5 min readCrypto

Guide to Non-Fungible Token (NFT) Taxes - 2024 Edition

4 min readCrypto

Ways to write-off crypto with no value

6 min readextend

How To Extend Your Crypto Startup Runway By Using Free Government Money

5 min readCrypto

When will Celsius pay out? Reporting Celsius bankruptcy payments

2 min readcrypto

Get an Immediate Crypto Tax Deduction by Using Donor-Advised Funds

9 min readBitcoin

What are Bitcoin loans, and how do they work?

2 min readschedule

Checking ‘Yes’ For Schedule 1 Crypto Question May Not Be Enough

2 min read

Ex-Microsoft Engineer Faces Nine Years in Prison For Evading Crypto Taxes

2 min readCrypto

You May Owe Quarterly Taxes On Your Cryptocurrency

6 min readCrypto

The IRS Proposes New Crypto Tax Rules

1 min readCrypto

Three Tax Forms Crypto Users Must File With the IRS

7 min readaccounting

Accounting for staked assets: Understanding the process

3 min readCrypto

How Are Cryptocurrencies Classified In GAAP Financials?

2 min readcrypto

How $UNI Token Airdrops are Taxed

2 min readcointracker

CoinTracker for Accountants: How to use CoinTracker to Calculate Cryptocurrency Capital Gains/Losses for Clients

6 min readcapital

Understanding capital gains tax on crypto

2 min read#taxfunction

Three-step Guide To Filing An Extension If You Have Crypto

3 min readCrypto

Crypto Tax Guide To Uniswap Crypto Exchange

6 min readCrypto

Digital gold for golden years: Investing in a crypto IRA

2 min readCrypto

How to Legally Shorten Your Crypto Tax Audit Clock

3 min readday

Day Traders Can Use Regulated Crypto Futures To Save Big On Taxes

3 min readCrypto

Reducing Your Cryptocurrency Taxes with ETH Gas Fees

4 min readCrypto

What Crypto Tax Forms Should I File?

3 min readCrypto

How much tax you owe if you spent $69 million on an NFT

5 min readCrypto

Reduce Your Crypto Tax Bill with Smart Accounting

3 min readCrypto

2019 Crypto Tax Guidance May Not Be Binding Per GAO

3 min readCrypto

One Simple Tax Election Could Let Crypto Traders Write Off Unlimited Losses

5 min readethereum

ETH Post-Merge: Hard Fork Taxes

4 min readcryptocurrency

Three Practical Reasons Tax Accountants Need to Pay Attention to Crypto Clients

1 min readCrypto

Australian Crypto Users are Receiving Tax Warning Letters

4 min readvirtual

Highlights From The IRS Virtual Currency Summit

3 min readPayPal

How Crypto Taxes Interfere with PayPal Crypto Payments