Tax Insights
Prediction Market Taxes in 2026: Complete US Guide
Learn how Kalshi, Polymarket, Robinhood, Limitless, SX Bet, and other prediction markets are taxed, which forms arrive, and how losses work in 2026.
Matt Liong 22 min read
Reviewed by a Former Big 4 CPA
Crypto Taxes, Made Clear.
Crypto tax insights and concepts made easy to understand and reviewed by a Former Big 4 CPA. All blog posts are for educational purposes only and do not constitute tax advice.
110+ In-Depth Guides
8 Topic Areas
CPA Reviewed
Software Help
Best Crypto Tax Software in 2026: 7 Top Tools Compared (Honest Roundup)
Best crypto tax software for 2026 compared: Koinly, CoinTracker, CoinLedger, and more, with real pricing, honest limits, and when software is not enough.
Matt Liong 16 min read
Tax Insights
Selling XRP Taxes: Capital Gains, Cost Basis, and What the SEC Case Never Changed
Selling XRP taxes for 2026: short vs long term rates, the 0/15/20 brackets, worked examples, FIFO vs specific identification, Rev. Proc. 2024-28 wallet rules, the 1099-DA zero-basis trap, SEC lawsuit tax myths, and loss harvesting.
Matt Liong 26 min read
Tax Insights
XRP ETF Taxes: Grantor Trusts, Phantom Fee Sales, and the Wash Sale Rule That Suddenly Applies
XRP ETF taxes for 2026: how spot XRP ETFs like XRPC, XRPZ, and GXRP work as grantor trusts, the sponsor-fee micro-sales on your 1099-B, why wash sale rules apply to ETF shares but not XRP, IRA placement, and ETF vs direct XRP compared.
Matt Liong 23 min read
Tax Insights
XRP Flare Airdrop Taxes: How FLR, Songbird, and FlareDrops Are Taxed
XRP Flare airdrop taxes for 2026: when FLR and Songbird airdrops became income, monthly FlareDrop timing, what happens if you never claimed, exchange vs self-custody claims, cost basis, and selling airdropped tokens.
Matt Liong 26 min read
Tax Insights
XRP Ledger DeFi Taxes: AMM Pools, DEX Trades, Wrapped XRP, and XRPL NFTs
XRP Ledger DeFi taxes for 2026: XLS-30 AMM deposits and LP tokens, XRPL DEX trades, wrapped XRP bridging, trust lines, XLS-20 NFTs and royalties, and how to keep records when tax software barely supports XRPL.
Matt Liong 26 min read
Tax Insights
XRP Staking and Lending Taxes: Why There Is No Real XRP Staking, and How Earn Income Is Taxed
XRP staking and lending taxes for 2026: why XRP has no native staking, how exchange earn program rewards are taxed as ordinary income, platform risk lessons from Celsius and BlockFi, DeFi lending of wrapped XRP, and Schedule 1 vs Schedule C reporting.
Matt Liong 22 min read
Tax Insights
Bitcoin ETF Taxes: Grantor Trusts, Phantom Expense Sales, and IRAs
Bitcoin ETF taxes for 2026: how spot ETFs like IBIT, FBTC, and GBTC work as grantor trusts, the phantom expense sales on your 1099-B, wash sale rules, ETFs in IRAs, GBTC conversion basis, and futures ETFs like BITO.
Matt Liong 25 min read
Tax Insights
Bitcoin Mining Taxes: Hobby vs Business, Deductions, and Selling Mined Coins
Bitcoin mining taxes for 2026: hobby vs business classification, income at fair market value, Schedule C and self-employment tax, equipment depreciation, electricity deductions, quarterly estimates, and selling mined coins.
Matt Liong 26 min read
Tax Insights
Bitcoin Ordinals & BRC-20 Taxes: Inscriptions, Runes, and Rare Sats
Bitcoin Ordinals and BRC-20 taxes for 2026: inscribing costs, Magic Eden trades, Runes, rare sat hunting, creator royalties, the 28% collectibles question, and records.
Matt Liong 24 min read
Tax Insights
Crypto Wash Sale Rule 2026: Does It Apply? What Current Law Says
Does the wash sale rule apply to crypto in 2026? No. Learn how the current tax-loss treatment works, the ETF exception, and what could change.
Garrett Taylor 10 min read
Tax Insights
Ethereum DeFi Taxes: Uniswap, Aave, Airdrops, and the Gray Zones
Ethereum DeFi taxes for 2026: Uniswap swaps and v3 LP positions, adding and removing liquidity, impermanent loss, Aave and Compound interest, borrowing and liquidations, WETH wrapping, airdrops as income, and where broker reporting actually stands.
Matt Liong 26 min read