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Tag: Schedule C
Cryptocurrency Taxes in California: PIT vs. Franchise Board Guidance
Introduction In 2025, California crypto traders, DeFi investors, and NFT creators face two levels of tax scrutiny: federal and state. While the IRS has provided detailed cryptocurrency guidance, the California Franchise Tax Board (FTB) has begun matching federal treatment with additional sourcing and PIT (Personal Income Tax) consequences. If you’re a resident, part-year resident, or […]
NFT Royalties and Sales Tax: CDTFA Position 2025
Introduction As NFTs continue to surge in popularity in 2025, the California Department of Tax and Fee Administration (CDTFA) has sharpened its position: certain NFT transactions may now trigger sales tax obligations. This guide covers royalty income, marketplace facilitation rules, and how NFT creators, resellers, and buyers should navigate California’s sales tax framework. IRC and […]
Gig Worker Taxes: Uber/Lyft 1099-K Changes in CA
Introduction Starting in 2025, California gig workers face a tighter reporting regime under both federal and state laws. The IRS has reduced the 1099-K threshold to $600, and California conforms, meaning Uber, Lyft, DoorDash, Instacart, and other platforms now send 1099-Ks to most of their workers. This guide will explain the 2025 tax filing process […]