How To LEGALLY Avoid Crypto Taxes

Tax time is almost here, which is never very fun. So, if you’ve ever wondered, “How do I even start thinking about crypto taxes?” this is especially for you.

In my latest podcast episode, I sit down with Joel, one of the co-founders of Elevated Tax Strategies, a licensed accounting firm that works extensively with crypto investors and entrepreneurs. Together, we unpack the complicated (and often overwhelming) world of crypto taxation—and break it down in a way that’s easy to understand, whether you’re a total beginner or someone with a few bull markets under your belt.

We Cover It All:

• ✅ What counts as a taxable event in crypto (spoiler: more than you think!)

• ✅ What to know about getting audited by the IRS

• ✅ Whether exchanges like Coinbase report your data to the government

• ✅ Best practices for tracking your gains/losses

• ✅ The tools Joel’s firm uses (like CoinLedger) to make it all simpler

• ✅ Difference between short-term & long-term capital gains (why it matters)

• ✅ What you can and can’t deduct if you’re mining, staking, or running nodes

• ✅ Smart strategies for realizing losses and offsetting gains

• ✅ What to know about the new 1099-DA tax form coming in 2025

• ✅ Why Joel says “Don’t co-mingle!” (seriously, it’ll save you headaches later)

We also dive into some of the myths and misconceptions floating around like:

• “If I don’t report, can they really find me?”

• “Trump’s going to cancel capital gains taxes—so I’m good, right?”

• “Stablecoins don’t count, do they?”

• “I got rugged. Can I write that off?”

Spoiler alert: there's nuance to all of it—and that’s why this episode is so important.

If you’ve been putting off getting your tax stuff in order because it feels confusing or intimidating, this episode will give you clarity, practical steps, and a bit of peace of mind.

Joel also shares his own journey—how being a crypto entrepreneur himself led him to become one of the few tax professionals who actually understands the space. Whether you’re farming airdrops, running miners in your garage, or just holding some BTC in a cold wallet, you’ll get real, actionable advice on how to stay compliant, optimize your strategy, and avoid surprises.

🎧 Listen to the Episode:

👉 https://youtu.be/zTEl6bhOXO8?si=jDqPQIPOVaWRsmY2

Bonus:

Joel is a member of Zzz Money Club, and we’ve done some live streams there too. You get a free 1 hour tax consultation with Joel if you are a Legendary Member of ZZZ (plus a ton of other perks). You can also book consultations with Joel here.

Thanks for tuning in—and remember, knowledge is power. If you’ve got crypto, taxes are part of the game. Let’s play it smart.

Bonus Bonus:

If you want even MORE tips, here are 4 methods to LEGALLY avoid taxes. This was a bonus recording I did with Joel that covers some things that you’ve probably never thought about when it comes to saving money on taxes:

Talk soon,
—Andy

P.S. If this episode helped you, forward it to a friend who needs to hear it. You might save them a tax season meltdown. 😅