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Articles Posted in Bitcoin

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Did You Really Think California Wouldn’t Tax NFTs? Non-Fungible Tokens and California-Source Income

Hot as a Recalled MacBook Battery The non-fungible token market has become as hot as a recalled MacBook lithium battery (if that’s possible). You’ve probably seen the figures: digital artist Beeple sold an NFT for a remarkable $69 million; a LeBron James non-fungible dunk clip lasting ten seconds went for…

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Where Is Bitcoin? Cryptocurrency and California’s Income Sourcing Rules

  Where is Bitcoin? This may sound like a question on a Philosophy 101 midterm exam. But in fact, it’s a real-world tax issue, with potential huge tax consequences for nonresident traders, investors, and users of cryptocurrency, at least to the extent they have financial connections with California, through an…

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Bitcoin and California Residency: Planning Ahead Makes All the Tax Difference

The fortunes currently being made in Bitcoin and other cryptocurrency investments and trading offer unique opportunities for tax planning that other appreciated assets often do not. This article discusses one of those aspects: the importance of residency planning in reducing cryptocurrency tax liability at the state level. What Makes Cryptocurrency…

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