by Noah Green CPA CFE | Apr 21, 2026 | Sheepdog Tax Digital Asset Tax Notes
Character classification, ordinary versus capital, controls the rate at which digital-asset income is taxed under IRC §1(h) and §1, determines which net-loss limitations apply under IRC §1211, and triggers the §1411 net investment income tax on most capital-gain...
by Noah Green CPA CFE | Apr 14, 2026 | Sheepdog Tax Digital Asset Tax Notes
A taxpayer who exchanges one digital asset for another, ETH for USDC on a centralized exchange, ETH for cbETH on a liquid-staking protocol, USDC for DAI through a decentralized exchange, or any of the dozens of similar transactions a typical wallet executes in a year,...
by Noah Green CPA CFE | Apr 7, 2026 | Sheepdog Tax Digital Asset Tax Notes
Reviewed November 8, 2026. The short version Three different questions must stay separate: what basis you have, where that basis belonged at the start of 2025, and which units you identified when later selling or transferring assets. Revenue Procedure 2024-28...
by Noah Green CPA CFE | Aug 2, 2025 | Crypto Tax Learning Hub
Crypto Airdrops and Forks: Taxable or Not? Crypto airdrops and hard forks can feel like free money – but are they free from taxes? The IRS has issued guidance on both, but crypto moves fast, and the tax rules can feel blurry. Here’s what you need to know...
by Noah Green CPA CFE | Aug 2, 2025 | Crypto Tax Learning Hub
DeFi Taxation Explained: Staking, Lending, Wrapping & More If you’ve dabbled in DeFi, you might be sitting on a tax headache. From staking rewards to yield farming to wrapping tokens, the IRS is paying attention – and so should you. Here’s how your passive...
