It is imperative that you consult a professional and accredited tax advisor before coming to any conclusions regarding taxable events. Ultimately, you are responsible for meeting the tax obligations in your country - seek advice if required.

When dealing with cryptocurrency, it's crucial to understand how the Internal Revenue Service (IRS) treats these assets. In the U.S., cryptocurrencies are generally classified as digital assets, and their tax treatment is similar to that of stocks, bonds, or other capital assets. The taxes you owe depend on how you acquired the crypto and what you did with it. Here's a breakdown of taxable and non-taxable events:

Non-Taxable Events

1. Buying and Holding Crypto: Purchasing cryptocurrency with cash and simply holding it is not a taxable event. Tax obligations typically arise when you sell, and any gains become realized.
2. Donating to Charity: If you donate crypto to a qualified tax-exempt charity or non-profit (like a 501(c)(3) organization), you may be eligible for a charitable deduction.
3. Receiving Crypto as a Gift: Receiving cryptocurrency as a gift does not trigger any taxes until you sell or use it in a taxable way (e.g., staking).
4. Gifting Crypto: You can gift up to $17,000 per recipient per year in 2023 (and $18,000 in 2024) without paying taxes. If your gift exceeds this amount, you'll need to file a gift tax return, but it usually doesn’t result in current tax liability.
5. Transferring Crypto Between Wallets: Moving crypto between wallets or accounts you own is non-taxable, provided you're transferring at your original cost basis to track future taxes accurately.

Taxable Events (Capital Gains)

1. Selling Crypto for Cash: If you sell your cryptocurrency for U.S. dollars, you owe taxes on any gains. Losses may be deductible on your taxes.
2. Converting One Crypto to Another: When you trade one crypto for another (e.g., using bitcoin to buy ether), the IRS considers this a sale, making it taxable. If the value of the crypto has increased since you acquired it, you’ll owe taxes on the gains.
3. Spending Crypto on Goods or Services: Using crypto to pay for goods or services is considered a sale, which means the transaction is subject to capital gains tax based on the crypto's value when used.

Taxable Events (Income)

1. Getting Paid in Crypto: If you receive cryptocurrency as payment for work, it is taxed as ordinary income, and you must report it based on its fair market value at the time of receipt.
2. Receiving Crypto for Goods or Services: If you accept cryptocurrency in exchange for goods or services, you must report the value of the crypto as income.
3. Mining Crypto: Mined cryptocurrency is taxed as income based on the fair market value when received. If mining is done as part of a business, it may also be subject to self-employment tax.
4. Staking Rewards: Like mining, staking rewards are taxed as income at the fair market value when you receive them.
5. Receiving Income from Other Crypto Sources: Income earned through various rewards programs (e.g., holding stablecoins or participating in learning rewards) is taxable and must be reported.
6. Crypto from Hard Forks or Airdrops: Receiving cryptocurrency from a hard fork or airdrop is considered taxable income. Specific tax treatment depends on IRS guidance and the circumstances surrounding the event.