LukkaLibrary @LukkaLibrary

Blockchain & Crypto Asset research written by industry thought leaders. Build your crypto acumen. | @LukkaTech lukkalibrary.com Joined March 2020

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LukkaLibrary @LukkaLibrary

5 years ago

When deciding on giving #crypto to charities, there are several key issues one has to consider. Read the Lukka Library article by @RogerBr59295778, Lukka's Head of Tax and Regulatory Affairs for all of the info you need to know: lukkalibrary.com #charitablegiving #donate

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LukkaLibrary @LukkaLibrary

5 years ago

Did you know that 20% of Lukka Library's revenue is shared with contributing authors? If you're a subject matter expert on one of Lukka Library's many topics or have suggestions on topics we don't currently have, let us know! lukkalibrary.com/contributors

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LukkaLibrary @LukkaLibrary

5 years ago

Chile's financial & tax authorities have begun to discuss the ramifications of crypto in a series of policy documents & rulings. Read the Lukka Library article by @tazzochile, Bloomberg @tax journalist, that addresses some of the key related tax questions. lukkalibrary.com

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LukkaLibrary @LukkaLibrary

5 years ago

With participation of over 50 jurisdictions, the @OECD has conducted a comprehensive analysis of approaches & policy gaps across the main tax types (income, consumption & property taxes) in their relation to crypto in the Taxing Virtual Currencies document, now on Lukka Library.

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LukkaLibrary @LukkaLibrary

5 years ago

When deciding on giving #crypto to charities or others, there are several key issues one has to consider. Read the article in Lukka Library written by @RogerBr59295778, Lukka's Head of Tax and Regulatory Affairs to learn more: lukkalibrary.com #charitablegiving #donate

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LukkaLibrary @LukkaLibrary

5 years ago

"The European Court of Justice has held that Bitcoin and other cryptocurrencies should be treated in the same way as other currencies for VAT purposes." Read the article on taxation of UK businesses written by Lukka Library contributor Jo Crookshank, Partner at @SimmonsLLP

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LukkaLibrary @LukkaLibrary

5 years ago

Can cryptocurrency forks be tax free? @Villanova_Law Professor and Contributing Editor at @TaxNotes Benjamin Willis, discusses the consideration of the effect on a taxpayer's crypto holdings from the fork in a Lukka Library article. Read more here: lukkalibrary.com

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LukkaLibrary @LukkaLibrary

5 years ago

In August, the Canada Revenue Agency published a document discussing the tax treatment of crypto in Canada. Get the full context about this topic and other specific issues addressed in the Lukka Library article: lukkalibrary.com #crypto #canada #taxtreatment #digitalassets

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LukkaLibrary @LukkaLibrary

5 years ago

Because virtual currencies are considered property for US fed income tax purposes, application of dominion & control is relevant to when a holder of virtual currencies has realized income per certain events. Read the LukkaLibrary article by Nicholas Cerasuolo & Whitney Maldanado.

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LukkaLibrary @LukkaLibrary

5 years ago

Crypto #investors take many forms & can have a variety of US federal income tax classifications leading to disparate tax treatments. Learn about the distinctions between a dealer, trader, or investor for fed tax purposes in the Lukka Library article by Mark Leeds & Brennan Young.

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LukkaLibrary @LukkaLibrary

5 years ago

Understand the ability, timing and character of recognizing losses on crypto assets. Mindy Herzfeld, Jon Holbrook, and Robert Daily of @ipbtax explain when losses can be recognized and more in their recent paper. Read the entire article on Lukka Library. ow.ly/4s8i50BQxBa

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LukkaLibrary @LukkaLibrary

5 years ago

What is the significance of virtual currency not being taxed as currency? This article written by Andrea S. Kramer, Partner at @McDermottLaw focuses on this key and important topic in this Lukka Library article. Read it here: ow.ly/GXTH50BL3Sg

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LukkaLibrary @LukkaLibrary

5 years ago

Is a contribution of virtual currency to a domestic corporation or partnership taxable? David Shakow, Professor Emeritus at @pennlaw utilizes his expertise to provide insight on this question. Curious to learn more? Read it here on Lukka Library: ow.ly/1XPD50BL2Os

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LukkaLibrary @LukkaLibrary

5 years ago

Can traders in virtual currency elect the mark-to-market and character rules of section 475(f)? If so, to what extent does it depend on the virtual currency at issue? Nicholas Mowbray, Associate at @BakerHostetler dives into the topic. Read it here: ow.ly/8SDN50BL1ZT

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LukkaLibrary @LukkaLibrary

5 years ago

Tax expert, former CFO and CEO, Michael P. Cangemi and Gerard Brennan, PhD, CFE believe that there is a great need for accelerating automated blockchain audits. Read this Lukka Library article to learn more: bit.ly/30Bqu0M

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LukkaLibrary @LukkaLibrary

5 years ago

Are we missing a topic you want to read about? Let us know what you'd like to see or contribute to the library yourself! bit.ly/3052ELo

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LukkaLibrary @LukkaLibrary

5 years ago

Are "mined" proof-of-work cryptocurrency tokens considered gross income in the year received? Abraham Sutherland, Adjunct Professor at @UVALaw wrote an article on his perspective. Sign up for Lukka Library and learn more: lukkalibrary.com

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LukkaLibrary @LukkaLibrary

5 years ago

Lukka Library is the only place to read up on the rules and regulations governing crypto lending: Can sections 1001 or 1058 be used to avoid taxable income on crypto loans? Understand this and more with lukkalibrary.com #Incometax #crypto

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LukkaLibrary @LukkaLibrary

5 years ago

"What should you do when you discover that tax returns you filed in previous years contain an error?" Find out what the considerations are in deciding whether or not to file an amended return. Read the full article in Lukka Library by contributors Lisa Zarlenga and John Cobb.

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LukkaLibrary @LukkaLibrary

5 years ago

How does an investor lock-in gains on an appreciated position in crypto while remaining invested in the property? Through a short-against-the-box transaction one can accomplish this. Read the article by Mark Leeds and Brennan Young to learn more: lukkalibrary.com