Questions tagged [self-employment-deductions]

1,000+ questions

Good PowerDec 26, 2021 · 3 years ago8 answers
What are the advantages of self-employment for day traders in the cryptocurrency industry?
What are some of the benefits that day traders in the cryptocurrency industry can enjoy by being self-employed?
Cryptocurrency
Day Trading
Self-employment
Roman PankivDec 26, 2021 · 3 years ago5 answers
What is the best cryptocurrency tax calculator for LLC self-employment?
I am a self-employed individual running a limited liability company (LLC) and I need to calculate my cryptocurrency taxes. Can anyone recommend the best cryptocurrency tax calculator specifically designed for LLC self-employment? I want a reliable and accurate tool that can handle the complexities of LLC taxation and provide me with the necessary information to file my taxes correctly.
Cryptocurrency
Tax Calculator
LLC Self-employment
tako0707Dec 26, 2021 · 3 years ago6 answers
How does TurboTax calculate the tax implications of self-employment income from cryptocurrency?
Can you explain how TurboTax calculates the tax implications of self-employment income from cryptocurrency? I'm curious about the specific calculations and factors that TurboTax takes into account when determining the tax liability for self-employed individuals who earn income from cryptocurrency.
TurboTax
Cryptocurrency
Self-employment Income
Ali MamloukDec 26, 2021 · 3 years ago3 answers
How can I report self-employment income from cryptocurrency trading on my tax return?
I am a self-employed individual and I have been trading cryptocurrencies. How should I report my income from cryptocurrency trading on my tax return?
Cryptocurrency
Tax Return
Self-employment
Harman -Dec 26, 2021 · 3 years ago6 answers
What are the steps to transition from self-employment to trading digital currencies on TurboTax?
I am currently self-employed and interested in trading digital currencies on TurboTax. What are the necessary steps I need to take to transition from self-employment to trading digital currencies on TurboTax?
Digital Currencies
TurboTax
Self-employment
Floris van UnenDec 26, 2021 · 3 years ago1 answers
How can switching from self-employment to a regular job affect my cryptocurrency tax situation?
I am currently self-employed and heavily involved in cryptocurrency trading. However, I am considering switching to a regular job. How will this change in employment status affect my cryptocurrency tax situation?
Cryptocurrency
Tax
Self-employment
Houmann AnkersenDec 26, 2021 · 3 years ago0 answers
How do digital currencies affect self-employment tax on royalties?
I'm self-employed and earn royalties through digital currencies. How does this affect my self-employment tax?
Digital Currencies
Self-employment Tax
Royalties
Malasamudram suhela ThasleemDec 26, 2021 · 3 years ago1 answers
What are the self-employment tax implications for day traders in the cryptocurrency industry?
As a day trader in the cryptocurrency industry, what are the tax implications I need to consider in terms of self-employment tax? How does the IRS classify day traders and what are the tax obligations for self-employed day traders?
Cryptocurrency
Day Trading
Self-employment Tax
Morgan PizziniDec 26, 2021 · 3 years ago4 answers
Can I use TurboTax for reporting self-employment income from cryptocurrency trading?
I am a self-employed individual who earns income from cryptocurrency trading. Can I use TurboTax to report this income?
Cryptocurrency
TurboTax
Self-employment
Mustapha OmaryDec 26, 2021 · 3 years ago5 answers
How does hobby income affect my self-employment tax in the cryptocurrency industry?
I am involved in the cryptocurrency industry as a hobby and earn income from it. How does this hobby income affect my self-employment tax? What are the tax implications for cryptocurrency hobbyists?
Cryptocurrency
Hobby Income
Self-employment Tax
Otto SherrillDec 26, 2021 · 3 years ago5 answers
How can I minimize my self employment tax liability on my digital currency earnings?
I am earning digital currency through self-employment, but I want to minimize my tax liability. What strategies can I use to reduce the amount of taxes I have to pay on my earnings?
Digital Currency
Self-employment
Tax Liability
Alex ShevtsovDec 26, 2021 · 3 years ago0 answers
Are day traders in the cryptocurrency market subject to self-employment tax?
In the world of cryptocurrency trading, do day traders need to pay self-employment tax? How does the tax system treat day traders in the cryptocurrency market? Are there any specific regulations or guidelines that apply to day traders when it comes to self-employment tax?
Cryptocurrency
Day Trading
Self-employment Tax
chiranjeevi reddy.NDec 26, 2021 · 3 years ago8 answers
What are the steps I need to follow to report my cryptocurrency earnings after switching from self-employment to a regular job?
I recently switched from being self-employed to a regular job, and I have earned some money from cryptocurrency investments. What are the necessary steps I need to take to report my cryptocurrency earnings now?
Cryptocurrency
Earnings
Reporting
Simone_CherryDec 26, 2021 · 3 years ago8 answers
How does TurboTax calculate the cost for self-employed individuals in the digital currency sector?
Can you explain how TurboTax determines the cost for self-employed individuals who are involved in the digital currency sector? I'm curious to know the factors that are taken into consideration and how the calculations are made.
TurboTax
Self-employment
Digital Currency
Ahmed OmarDec 26, 2021 · 3 years ago0 answers
How does being self-employed in the cryptocurrency industry affect my tax obligations?
As a self-employed individual in the cryptocurrency industry, what are the specific tax obligations that I need to be aware of?
Cryptocurrency
Self-employment
Tax Obligations

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