KTT Global Advisors

Crypto

Cryptocurrency: Security? Commodity? Currency? Pan-Gendered Asset?

I am not an attorney, nor an economist.  So what follows is my opinion.  Let’s dive right in.  From a US standpoint, we have the following definitions: Security. If you have been in the crypto space for longer than seven minutes, you can recite the Howey test backwards. For those who have been involved for …

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What is My Tax Basis for Tokens Received from Airdrops or Forks? From Mining?

DISCLAIMER:This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax advice. You should consult your own tax advisor with regard to your particular tax position. ****************************************** One of the truly enjoyable parts about being involved in cryptocurrency is all of the questions …

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SH*T!!! – I Owe a Lot of Taxes from my Crypto Trades in 2017…but I Don’t Have the Cash!

So you bought into crypto in 2017.  What a great move!  Prices took off, your portfolio quadrupled; you were even considering setting up a crypto hedge fund and taking investments from friends and family (please don’t do this).  You even took some of your appreciated ETH and went in on some hot ICOs, which “mooned” …

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Burning Question: Are Crypto Token Sale Proceeds Debt or Equity?

So I was leaving a meetup in New York on Monday, one that was focused on the crypto space. I’ve developed a few opening lines for these sorts of events, one being the generic “what are you working on?”; and the more specific, slightly cynical, “so, are you doing and ICO?”. I’d had a couple …

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Cryptocurrency Tax Questions…..

I’ve been receiving inquiries recently about the taxation of cryptocurrency transactions.  In addition to responding to individual queries, I’ve decided to summarize my opinions on certain issues that have come up. DISCLAIMER: This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax …

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The Crypto Craze is So Much Like the Dot Com Bubble of the Late 90s that……It’s Probably Not

  So I made what I thought was a very insightful and potentially controversial statement on LinkedIn when I said; “the crypto craze is so much like the dot com bubble of the late 90s that…..it’s probably not”.  Of course, no one commented.  Maybe it was because I provided nothing to back up my assertion, …

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