Decentralized Finance Taxes and Accounting Fundamentals

• Overview
• Credits

Gain an understanding of the governance of decentralized finance and how transactions are taxed.14% of Americans own cryptocurrency, and they need help with their taxes. Gain insight into the latest developments in the taxing of decentralized finance (DeFi) as we move into the 2021 tax season. This material will review what Defi is and how transactions are taxed. The topic will also discuss the governance of DeFi and advanced DeFi tax scenarios.

Authors

Agenda

What Is Decentralized Finance (DeFi)?

DeFi Governance

How Are DeFi Transactions Taxed?

• Lending, Wrapping, Borrowing

• Paying and Earning Interest

• Governance Token Taxes

• Liquidity Pool Taxes

• Gas Fees

DeFi Tax Advantages and Disadvantages

How to Calculate DeFi Taxes Including Examples

How to File DeFi Taxes