The passing of a loved one can create a lot of financial complexity, but a step up in basis can help reduce a beneficiary’s financial burden.
Cryptocurrency
Does Cryptocurrency Get a Step-Up in Basis Upon Death?
A step up in basis means there aren’t any unrealized gains for a beneficiary to recognize at the date of death. But does that apply to cryptocurrency?
A Big Problem with using Cryptocurrency as a Payment Tool
From NBA Top Shot to MLB tickets, making payments with cryptocurrency is becoming more mainstream. But there can be a glaring issue when it comes to taxation on those crypto payments.
A (Somewhat) Plain English Introduction to Cryptocurrency and Blockchain
The rise of Bitcoin and Dogecoin in 2021 has catapulted the conversation on crypto. Here’s a good place to start if you’re new to the sphere or want a better idea of what’s going on.