Strategies to Mitigate Crypto Taxes. Jake Claver in this recording: “Done the DeFi, done the staking, done the airdrops, moving crypto over to cold storage wallet, etc.”
Also coveredcapital contribution, capital gains, disregarded entity
More on this subject: jakeclaver.com.
What this recording covers
Claver interviews a public accounting tax professional to examine tax reporting methods and corporate structures for digital asset holdings. The discussion contrasts single-member limited liability companies with multi-member partnerships. They explain that single-member entities function as disregarded pass-through structures reported on individual Schedule C filings, whereas partnerships require separate informational tax filings, balance sheets, and capital contribution tracking. The guest outlines deductible operational expenses for digital asset entities, including legal formation costs, specialized tax software, educational subscriptions, conference travel, and dedicated research equipment. They clarify that transferring digital assets from personal custody into corporate business accounts is a non-taxable transfer that requires carrying over the original cost basis. The conversation also reviews Section 179 expense deductions, research and development rules, and the structural trade-offs of holding assets inside retirement accounts subject to withdrawal restrictions.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.