Brickell Heights Condo For Sale & Rentals by Brosda and Bentley Realtors

Brickell Heights Condo For Sale & Rentals by Brosda and Bentley Realtors

Brickell Heights Condo For Sale & Rentals by Brosda and Bentley Realtors

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Brickell Heights Condo For Sale & Rentals by Brosda and Bentley

Brickell Heights condos are located at 850 South Miami Avenue in Downtown Miami, Florida 33130 in the heart of Miami’s dynamic Brickell neighborhood at the crossroads of Southwest 9th Street and South Miami Avenue directly across from Brickell City Centre, a 5 million square foot luxury retail and lifestyle destination.

Miami has never been hotter, more glamorous, or more exciting than it is today and Brickell is at the center of it all. From ultra-luxe boutiques and premier restaurants to prestigious corporate office towers, Brickell offers the ultimate urban lifestyle.

Brickell Heights Building Feature:

  • 2 Breathtaking towers designed by internationally renowned architectural firm Arquitectonica features expansive glass terraces in every residence
  • Dramatic double-height lobby designed by award-winning architect David Rockwell highlights original art installations
  • Commissioned façade installation by renowned Argentinean artist Fabian Burgos
  • Sophisticated condominium residences with captivating skyline views
  • Limited collection of penthouse residences on uppermost floors

Brickell Highst Elite Services and Amenities:

  • Equinox Fitness Club & Spa with high-performance fitness programs
  • 3,500 square foot SoulCycle studio, the first in Miami
  • Exclusive residents-only rooftop Sky Pool Deck with panoramic Biscayne Bay and City views
  • Luxuriously landscaped 9th floor Pool Terrace with swimming pool and lap pool
  • Urban Garden planted with a variety of seasonal vegetables and herbs
  • Elegantly appointed Screening Room available for private film screenings
  • Two beautifully designed Entertainment Rooms available for private events
  • State-of-the-art Business Center with complimentary coffee and tea bar
  • Engaging Kids’ Club programmed for children’s activities
  • 35,000 square feet of Class A office space
  • 24/7 Concierge service includes multilingual staff, security, and mail receiving desk
  • 24-hour valet parking available
  • High-speed Internet access in all amenity areas

Equinox Fitness center & Spa:

  • Beautifully designed three-story, 35,000 square foot fitness center featuring state-of-the-art equipment
  • Customized fitness regimes designed by innovative personal trainers and expert nutritionists based on individual health and wellness goals
  • Elite team of personal trainers who are experts in developing creative programs to ensure extraordinary results
  • Studio fitness programming created by internationally renowned talent offers a range of innovative classes
  • Luxuriously designed full-service spa offering signature massage, facial, and body treatments
  • Juice Bar with a healthy selection of juices and snacks for pre- and post-workout SOULCYCLE
  • State-of-the-art 3,500 square foot indoor cycling studio with high-energy music
  • Inspiring SoulCycle® Method classes that help riders work their core and tone their upper bodies
  • Top instructors and staff deliver unique services and personal attention to all levels of riders

Brickell Heights Are Highly Sophisticated Residences:

  • Contemporary floor plans with floor-to-ceiling tinted windows in most rooms emphasize spacious interiors and breathtaking views
  • Residences delivered in move-in condition with carpet in living areas and imported designer porcelain tile floors in bathrooms and kitchens
  • Expansive terraces with sleek glass and aluminum railings are directly accessible from every room through floor-to-ceiling sliding glass doors
  • All corner residences feature dramatic wrap-around terraces
  • Nine-foot high smooth-finish ceilings in living areas of mos residences
  • Elegant entry foyers in select residences
  • High-efficiency central air conditioning and heating systems
  • Pre-wired for high-speed communications, multiple telephone lines, and cable
  • Stackable washer/dryer in every residence

Original works of contemporary art enhance the elegance of Brickell Heights’ breathtaking lobby and speak to Miami’s internationally renowned reputation as the ultimate destination for today’s most exciting art and artists.

Brickell Heights’ mezzanine pool terrace has been designed as a stylish resort-style destination where you can take in the sun or relax in the shade above the hustle of the city streets.

Brickell Heights’ sustainable community garden, designed by seed-to-table pioneer Dylan Terry as an edible work of art, brings the finest herbs and vegetables to your doorstep. Dylan has designed for restaurants, including the Mandolin, Essensia, The Dome, and The Broken Shaker, high profile clients, including the Vizcaya Museum & Gardens, Arquitectonica, and the Miami’s Children’s Hospital, as well as many schools and private homes.

Suspended within the lights of the Miami skyline, residents of Brickell Heights enjoy an experience of residential luxury unlike any other in the city. Panoramic views surround exquisitely designed residences, natural light enhances sleek contemporary interiors, every personal service that makes life truly pleasurable is available on request.

Soaring ceilings and glass walls accentuate the natural light of Miami and surround every

residence with dramatic views. Private balconies offer an elegant venue for quiet conversation or entertaining guests.

High above the heart of <em>Brickell</em>, with views of the skyline and the Atlantic Ocean, the private rooftop pool and amenity terrace offers an elegantly designed escape for socializing with friends and neighbors.

  • Contemporary European cabinetry in premium finishes and imported stone counters
  • Imported designer porcelain tile floors
  • GE Monogram 36” refrigerator with bottom freezer and 24” stainless steel interior dishwasher with concealed controls
  • GE Monogram 30” electric cooktop and electric single oven and GE Monogram Advantium

30” speed-cooking oven

  • Zero-radius single-well stainless steel under mount sink with single-lever European-style chrome faucet and GE garbage disposer
  • Beautifully detailed European cabinetry
  • Elegant imported stone vanity countertops
  • Generously sized vanity mirrors with flattering designer lighting
  • Floors and wet walls clad in imported designer porcelain tile
  • Designer bathroom fixtures and accessories

All information is subject to change without notice.

For more information on Brickell Heights condos for sale call Brosda & Bentley at +1 (305) 788-9393.

Identities are valuable and we suck at managing them!

Can Blockchain Rescue our Identity from the Digital Abyss?

Identities are valuable and we suck at managing them! Our modern identity management systems are currently in crisis and it seems this is really just the status quo, but does it need to be?

It doesn’t take a lot of digging online to quickly find reasons why identity safety is such a paramount issue. Tools like Have i been pwned? show a range of concerning examples of major institutional breaches that have leaked millions of personal data files. The centralization of identity databases, both physical and digital, is creating these inevitable fail points that are eroding the systemic value of our personal data.

There’s a clear problem facing identity that will only become worse as data management systems painfully try to scale to the demand. The good news is there’s hope blockchain can be of assistance. The unfortunate part is that it is still of course very early, making the problem substantially more clear than the solution.

Identities are valuable and we suck at managing them!

Why is identity management a problem?

To understand why identity security is a problem it seems vital to first understand why our identity has value. The value of identity can be seen in a number of ways in our lives, acting as the proof of membership to our various organizations or facilitating the creation of value while we sign on the dotted line opening a new gateway of credit. Our Identity has value because it holds the power to both create wealth and prove our membership, whether for good or not.

Identities are valuable and we suck at managing them.

The problem with identity security then is that this massively powerful asset is being left vulnerable around every corner; a problem for the individual and the institutions that serve us. Individually, we need better awareness and education on the value of our identities and especially how to protect ourselves as we move deeper into the digital world. Institutionally, centralized identity management systems are just not working. There’s a demand for identity infrastructure that can withstand the inevitable scaling of members while protecting against the more classic issues around itself like fungibility and centralizing points of failure.

On the shortlist banking, health care, social welfare programs, online services, land registry, credit scoring, immigration documentation, vehicle registrations, weapons licensing, hunting registries, voting eligibility and birth certification to name a few.

Centralizing identity hurts us all, but hurts some more than others

Among the mountains of issues and challenges facing identity management, there have been a couple of themes in particular that have percolated to the top. Firstly, you would likely have to been living under a rock to not be at least aware that our data isn’t safe anymore in the custody of other organizations. Shocking headlines are being written about substantial new hacks on a recurring basis and digital companies continue to build business models circulating around the collection and curation of customer data.

The centralization of our personal information is a problem for both the physical storage systems and their digital versions alike. For those systems still dependant on paper and ink, the obvious issues face them as natural disasters increase worldwide and ideological shifts create radical movements of populations. These paper system of identity are often warehoused and instituted from brick and mortar locations with few redundancies in place creating substantial vulnerabilities.

In addition to the issues surrounding the storage of our identities, the explosion of data collection and digital marketing has brought on new challenges to the topic. Data collection and the business models that are built around it create a demand for our personal identity on a level that far outpaced the analog data collection space previously.

The competition in the marketplace for high-quality personal information is fierce and the current trend is a profitable one. Many tech businesses are mining for our personal identities and their motives range from creating competitive advantages within their own products to bundling and leveraging the data into income. However, no matter the motivations, as the data pool of identity information grows, the competition in the market for this valuable resource will push their mining efforts deeper into our lives to better knows us intimately.

Despite the best efforts of those most interested, the infallibility of these storage systems tasked with the safety of our personal identities has remained unreachable. There is a need for infrastructure that can be built and managed which brings us closer to the pursuit of total security surrounding our identity.

It is likely unsurprising that those who are most affected by this issue are the populations and persons who are already most vulnerable for a suite of reasons; political, economic, natural, or otherwise. Strong identity systems are in high demand as we reach the highest point of human displacement on record and central points of authority are shaken with volatility

It is seemingly fair to say that the issues surrounding identity management affect everyone directly and otherwise. However, the weaknesses of centralized data storage and the volatility of identity security for vulnerable populations are two especially poignant themes that have potential to find some relief from the healing powers of the blockchain.

Can Blockchain solve this?

Fungibility and mutability: These two concepts, fungibility, and mutability are very much linked to the core meaning and value of identity. For identity to work and provide value it needs to be invulnerable to duplication and have no potential to be altered on either the individual level of the holder or on a collective scale where the data is stored and held.

To be non-fungible means that only one of its kind can exist; think of collectible cards like Magic the Gathering or O-Pee-Chee baseball cards. And like any other scarce valuable the individuality of it is important and is corrupted by imposters or duplications. Non-fungible identities could be a huge help in many areas that they act as a gatekeeper, for example, it would make it that much harder to access underage drinking when the duplicate I.D. market drys up on campuses everywhere. More seriously, the non-fungibility of identity could also help prevent issues on a higher level of passport fraud the and abuse of social services such as healthcare or education.

Similarly, the potential immutability of blockchain can be a massive asset for data storage and management. An identity on an immutable blockchain would mean it is safeguarded from malicious changes or even destruction, both retroactively and not. An identity which is unchangeable has a host of benefits which protect both the users from the system and the system from the user.

Decentralization doesn’t solve all the problems, but it’s a great start

The idea of decentralization as a security measure is pretty simple, it has no single point of failure. Identity has rarely, if ever, been afforded this feature of true longevity protected against all of the traditional ailments that are afflicting personal data storage presently. Decentralization returns the control and value of our identity back to the individual instead of predominantly benefiting the various custodians our information is housed by.

Civic is a great example of a use case which is providing blockchain solutions to both sides of the personal data swap market. Civic has leveraged blockchain to allow users to hold and retain ownership of their identity data and removes the need for companies and organizations to centralize and compromise our identities. To really unravel how and why tech like Civic is promising, dive into our beginner’s guide to blockchain identity verification.

In addition to creative solutions for the personal data marketplace, blockchain’s decentralized format is well suited to help foster new solutions to the crisis surrounding identity management in vulnerable populations. Recently, blockchain has found utility in refugee situations, like that in Jordan’s Zaatari refugee camp, where biometric technology linked with blockchain identity data management is being harnessed by the World Food Program and their Building Blocks initiative.

Building Blocks by the WFP aims to use “blockchain as a means of making cash transfers more efficient, transparent and secure” and in doing so, return the ownership of a refugees financial and personal identity back to them.

Blockchain projects circling around the better storage and management of identity are in their undeniable infancy. But the early signs seem to be pointing towards a positive and useful fit for blockchain as the demand continues to proliferate. Blockchain solutions to identity are going to be slow to roll out as merging and replacing legacy infrastructure is a tremendous task that currently has a little platform to launch from. Massive areas and vulnerable populations are not well positioned to be aided by a digital technology that relies so heavily on electricity and the internet.

Wrapping Up

The value of our identity is on a rise and currently, the storage systems that safeguard it are buckling as they attempt to scale. Furthermore, trusting our identity to others is quickly eroding and there is a palpable demand for new solutions to identity management that requires massive shifts in the way we think about identity and how we evaluate it. We can look to blockchain for hope but the truth is that it is still incredibly early to say how it can best help and where.

CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner.

Marshall Taylor

Marshall has had a colourful background in Sociology and Marketing Design where he worked for the last half decade energetically crafting and engineering the consumer decision process. His interest and drive for DLT is motivated by how it affects people and especially those who need it most.
This article is originally published at

Affordable Real Estate Investments In Orlando, FL

Brosda & Bentley Realtors offers affordable real estate investments in Orlando, FL.

Properties set within integrated resort environments in Orlando, the world’s most
famous theme park destination, are selling fast as investors capitalize on the benefits  of professionally managed vacation home rentals.

With on-site family amenities such as waterparks, restaurants and shopping, home
owners and guests benefit equally from their immediate environment, as well as being in reach of Florida’s prime entertainment district.

Professional and highly experienced resort management companies also drive visitor numbers through vacation operators, thereby maximizing occupancy rates, boosting bookings throughout the seasons and raising income levels for home owners.

Why Orlando?

As the theme park capital of the world, Orlando is a thriving tourism destination attracting visitors from across the globe. With significant healthcare, education and technology sectors, the broad-based, prospering local economy underpins a diverse and expanding community of 2.36 million residents. They live, work and retire in the Sun-Belt while also enjoying the area’s global connectivity, excellent local infrastructure and continued investment. All these factors build a compelling rationale for investing in the local residential real estate market.

The Grove Resort & Water Park Orlando by Brosda and Bentley

Dynamic Local Economy

With more than 72 million visitors in 2017, Orlando in Florida is the US’ Number One family tourist destination with world-class entertainment, hospitality, sporting
and conferencing facilities. The tourism sector is an integral driver of the local economy, with ongoing investment in the area including Universal Orlando Resort’s 2017 Volcano Bay water park and Walt Disney World Resort’s upcoming World of Avatar.

With its favorable business tax climate, Orlando is also home to the headquarters of
numerous international corporations and associations. Boasting a dynamic business environment, new companies to the area contribute to the 3,500 new jobs created here each month. They attract new residents to the area, propelling population growth and generating demand for homes.

Continued Investment into Orlando

While already enjoying excellent local, regional and international connectivity, Orlando is also benefiting from $9 billion in infrastructure construction. This includes the improvement of the Interstate Highway ‘I-4’, the expansions of both Orlando International Airport and Orlando Sanford International Airport, as well as commuter train, SunRail’s new southern routes to include four new stations. Orlando is therefore firmly ranked in the Top 10 large US cities for infrastructure according to Foreign Direct Investment (fDi) Magazine, 2016.

The Grove Resort & Water Park Orlando by Brosda and Bentley Realtors

Diverse Visitor Profile

With a 59% rise in overseas visitors (and 27% growth in Canadian tourists) to Florida between 2009 and 2016, Orlando is set to profit from ever increasing levels of demand for visitor accommodation. Canada (3.79 million), followed by the UK (1.69 million) comprise the largest single source markets for visitors. However, accounting for 37% of all overseas tourists, Latin America as a region dominates the visitor profile, with Brazil, Argentina and Colombia leading the way. A 5% rise in visitors from the Asia / Oceania region was also recorded in 2016, led by a surge in Chinese visitors, up 7% annually to 312,000.

Florida is 1st for Foreign Investors

Florida is the top destination for overseas residential investment in the US,
accounting for US$24.2 billion or 15% of home sales in 2017, according to the
National Association of Realtors. The Orlando area follows Miami as the first choice
for buyers. While Canadians comprise the single largest investor market and the UK
is the third largest buyer source, as a region, Latin American and Caribbean buyers
dominate the market (34% of all purchases). The median price paid by foreign buyers for Florida properties was US$259,400 in 2017, with 72% paying with cash only. Investment from Asia and Oceania has expanded from 3% of the Florida market in 2008 to 10% in 2017, with Chinese buyers alone accounting for 3% of purchases. Chinese overseas residential investment activity is also expected to rise this year as China, the world’s second largest economy, adopts tax changes and OECD reporting practices.

Residential Investment

Home owners in Orlando can capitalize on rental demand from the region’s rising number of affluent, long-stay visitors and expanding year-round business tourism sector. Orlando offers unrivaled global connectivity, in particular to key source markets in Latin America, North America and Europe. Properties within professionally managed resort environments,  surrounded by high levels of on-site amenities and excellent services, also benefit from greater demand, price premiums and higher rates of occupancy.

The Grove Resort & Water Park Orlando Condos Aerial by Brosda and Bentley Realtors

Significant Income Potential

The opportunities for home owners to let their properties to Orlando visitors and generate revenue from their investments are ever more exciting. Investors seeking
the best returns are turning to properties located in highly-amenitized resort environments with branded, well-known professional management companies.
Respected and trusted operators with decades of experience in the US market,
drive guest numbers via larger scale tour and vacation companies, ensuring strong
demand for integrated resort homes. Florida attracts more visitors who fall
within the ‘affluent family’ and ‘affluent mature’ categories than the US as a whole, and seek high quality vacation experiences. In a professionally managed resort environment, they gain all the comfort and space of home, with the
advantage of leisure amenities and hospitality services on their doorstep.
In-resort features such as water sports, restaurants, spas, golf, waterparks and
children’s activities benefit visitors seeking not only to experience Orlando’s
theme parks, but also to enjoy a longer stay in the resorts themselves. Those offering conferencing and business tourism facilities also boost occupancy in quieter leisure seasons. For home owners renting their properties, this means greater occupancy levels, a premium over other accommodation options and higher income levels.

The Grove Resort & Water Park Orlando Lobby by Brosda and Bentley Realtors

Investor Opportunities

In the first three quarters of 2017, more than 42,800 homes were sold across the
Orlando region. Demand is increasing with sales volumes up 5.8% compared to the same period last year (January to August), and investors have already benefited from 62% capital appreciation in the Orlando region over the last five years. Orange County, home to Walt Disney World commands a 17% price premium over average prices within the Orlando region, with an average price of US$282,135 achieved in 2017 (to August). Popular among local residents, vacation home buyers and investors seeking to let their properties, Orange County is also where most transactions take place, accounting for more than a third (35%) of all sales in the region so far in 2017.

The Grove Resort & Water Park Orlando Lake and Fishing Pier by Brosda and Bentley Realtors

Orlando in Context

Florida is the first choice of all the US states for overseas property investors. With the housing market gathering momentum at both national and regional level, investors are seizing the opportunity to capitalize on rising values as well as income returns in hotspots such as Orlando. In contrast to other major US cities, Orlando is also a price accessible location to invest and live in, making it attractive for investors, vacation home buyers and retirees.

Orlando has Universal Appeal

Orlando house price growth has been outstripping the national average,
recording 10% annual growth in the first quarter (Q1) of 2017, compared to 7%
across the US as a whole in the same period. Orlando prices are also much more
accessible than other major US cities. In June 2017, Orlando’s median house price
was recorded at US$230,000, while San Francisco Metropolitan Statistical Area (MSA) was 3.5 times more expensive and Miami MSA was 38% pricier.
Living in Orlando is also more cost-effective than other major cities. While life in New York is on average 2.3 times more expensive than the national average, in Orlando, grocery, housing and transportation costs are typically 4% below.

The US in Global Context

In the last five years, the US has recorded 34% house price growth,
substantially above the performance of many European markets that continue to
be in downturn. While not as fast-paced as some emerging markets, the
perception of the US as safe and secure, with trusted legal and banking sectors are factors which attract overseas property buyers. There are fewer barriers to investment than in other countries such as the UK’s recent adoption of a 3% additional taxation surcharge on second homes. Based on the average price of a property sold in the UK, this adds an additional £7,000 in property taxation.

The Grove Resort & Water Park

The Grove Resort & Water Park offers extraordinary real estate investment opportunities, allowing you to own a vacation rental property in one of the world’s premier vacation destinations. Located just minutes west of Walt Disney World®, The Grove Resort & Water Park puts Orlando’s world famous parks and attractions at your fingertips. Featuring indoor space and poolside, lawn and garden alfresco venues for intimate meetings, large groups and destination weddings. The Grove is Orlando’s newest destination allowing you to experience all that Orlando has to offer while enjoying an exclusive vacation escape satisfying every desire.

The Grove is the most fun and exciting new resort and water park in Orlando
providing magical vacation and ownership opportunities.

The Grove Resort & Water Park Orlando Surfari Water Park by Brosda and Bentley Realtors

$3,000 FLY & BUY P R O G R A M

Book a Vacation at The Grove Resort & Water Park at the Best Available Rate. Purchase a Fully Furnished 2 or 3 Bedroom Luxury Resort Residence From $297k. Receive $3,000* at Closing Toward Your Travel and Stay at The Grove Resort & Water Park.

The Grove Resort & Water Park Orlando Condos by Brosda and Bentley Realtors

Fun Facts about Orlando

  • With more than 1,250 courses, Florida has themost golf courses in the
    United States.
  • With 75.1 million international tourists in 2017, the US is the
    world’s second most-visited country after France with 82.6 million visitors.
  • When it comes to international visitor spend on
    accommodation, food, drink, entertainment and shopping, the US tops the global charts with US$205.9 billion in tourism receipts.
  • Orlando is home to seven of the world’s top theme parks.
  • More than 80% of tourists staying in holiday homes have visited the area more than three times.
    UCF 2016 SURVEY
  • There are 450 hotels in Orlando.
  • Orlando International Airport (MCO) is ranked as the 2nd busiest passenger
    airport in Florida.
  • Orlando is one of the “Most Dynamic Cities in America,” according to Worth magazine.
  • Forbes ranks Orlando as the #3 city for future job growth.
  • The Orlando region has been named one of Foreign Direct Investment (fDi) Magazine’s(2016, 2015, 2014) top 10 “American Cities” of the Future” in the large cities category.
  • Florida has no state personal income tax.
  • The City of Orlando has a vibrant, downtown core including community venues: Amway Center, home of the Orlando Magic and a top-ranked NBA sports facility, a brand new Dr. Phillips Center for the Performing Arts, newly renovated Camping World Stadium and an upcoming MLS soccer stadium.
  • There are more than 500,000 higher education students within a 100 mile radius, providing a rock-solid talent pipeline for companies in the region.

Own a vacation rental property in Orlando, just minutes west of Walt Disney World® offered by Brosda & Bentley Realtors. Call +1 (305) 788-9393 for info.

Cryptocurrency Tax in a Nutshell

A new year has arrived! For cryptocurrency investors, that means hope for another year of growth in virtual currency markets. Unfortunately, however, it also means we need to get ready to pay taxes on our cryptocurrency profits from 2017.

Most of us have made our resolutions and decided on our aspirations for 2018, but few of us are looking forward to filing our tax returns. But being prepared is half the battle, so now is the time to begin tax planning.

It’s always a good idea to consult with a Certified Public Accountant (“CPA”) when you’re preparing your tax returns. A good CPA can help you avoid tax liability by managing your assets in a smart way. However, your regular accountant probably isn’t up to speed on the evolving landscape of cryptocurrency tax policies. If you’ve invested in Bitcoin or other virtual currencies, contact a trained cryptocurrency accountant to make sure you’re prepared for tax season.

Bitcoin accepted at Brosda and Bentley Miami Realtors

Cryptocurrency Taxes 101: What to Know Come Tax Season

Cryptocurrencies may have started off on the fringes of the internet, but now it’s a pretty mainstream investment.  Bitcoin futures are traded on the Chicago exchanges, and large institutional investors are setting up virtual currency trading desks. As cryptocurrency has become more and more popular, the Internal Revenue Service (“IRS”) has refined the details of its policies regarding tax collection and reporting requirements.

The IRS treats Bitcoin and other virtual currencies as capital assets because they are convertible into cash. So, like other capital assets, cryptocurrencies are subject to the capital gains rules. These rules apply to taxpayers who buy and sell cryptocurrencies for investment purposes, as well as people who spend virtual currencies on goods and services.

Just like other capital assets, your tax rate depends on how long you held them before you sold them, as well as the price you bought in and the price you sold out. If your capital losses on your cryptocurrency investments exceed your capital gains, you can claim the loss as a deduction on your income tax returns up to $3,000.

When you’re figuring out how to properly report your cryptocurrency gains on your 2018 income tax return, start by finding out your cost basis. Your basis is the cost you actually paid for a virtual currency when you purchased it, adjusted for any related costs. This means you can deduct commissions related to the cryptocurrency purchase, such as the percentage that Coinbase takes out of every exchange. Notably, however the cost basis for your cryptocurrency investments does not include investment-related fees. Fees accrued for cryptocurrency trades in 2017 must be listed separately on a Schedule A form attached to your returns, assuming you itemize your deductions.

When you purchase a cryptocurrency, you’ve established your cost basis. However, the asset is not actually taxed until you sell it. This is when you “realize” your gains or losses on the investment. So, if you bought Bitcoin at $12,000 and sell it for $13,000, your realized gain is $1,000 even if it dips below your initial purchase price at some time in between. Sounds simple enough, right? Unfortunately not.

When it Comes to Cryptocurrency, Things Get Complicated Quickly

Unlike stocks, which are straightforward buy-and-sell transactions, pretty much any disposition of virtual currency assets is a taxable event. Tax liability is triggered when you trade your cryptocurrency for cash or other virtual currencies or whenever it’s used to purchase goods or services. Depending on your investment and spending habits, this can make things complicated.

Contrary to the popular belief – and wishful thinking – of many cryptocurrency investors, cashing out of your cryptocurrency investments isn’t the only taxable event in the lifespan of your investment. For example, if you make a purchase using Bitcoin on, this is a transaction subject to capital gains tax. Tax liability also arises when you trade one virtual currency for another, which is an almost daily occurrence among the more courageous cryptocurrency investors.

Also, because the IRS doesn’t impose the same third-party reporting requirements for virtual currencies as other more highly-regulated assets, you won’t get a Form 1099 from your exchange, client, or employer at the end of the year. This means you won’t get an official report of your cryptocurrency income. Rather, it’s your responsibility as the investor’s to properly report your virtual currency gains and losses. There is very little official guidance from the IRS on virtual currency reporting requirements, so consulting with a trained cryptocurrency accountant this tax season is a very wise choice.

Federal Tax Reform Impacts Cryptocurrency Taxes

If you ask any accountant about the impacts of the 2018 tax reforms, you will likely get an exasperated sigh in response. Cryptocurrency tax policy is pretty vague as is, and adding the complexities of major tax reform only makes things even more complicated. While the full impact of the federal tax reform remains to be seen, there are a few policies that definitely impact virtual currency investors.

The recent federal tax reform changed the rules of the game for many cryptocurrency investors. For example, starting in 2018, you can no longer include cryptocurrency-related fees in your itemized deductions on your personal income tax return. This deduction is still allowed for businesses, however. The 2018 tax reforms also change the capital gains tax rates, which may greatly impact your investment decisions. Holding on to your cryptocurrency assets for another few months may save you – or cost you –  thousands of dollars on your federal income tax returns.

A skilled cryptocurrency accountant can help you plan for the upcoming changes in the federal tax code, especially as they pertain to your virtual currency wallet. If you bought or sold cryptocurrencies in 2017 – or if you’ve thus far failed to report your cryptocurrency investments from prior rules – it’s a good idea to discuss your investments with a CPA that understands the ins-and-outs of cryptocurrency tax policies.

“This article is originally published at

CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner.

Mario Costanz

Mario Costanz is a lifelong entrepreneur and has had built and sold a number of successful businesses in the internet, restaurant, real estate, and income tax preparation industry. He was named to the “One to Watch” section of Accounting Today’s 2017 Top 100 Most Influential in Accounting List. More information and contact can be found at and