Celsius Tax Guide
This article explains how to file your taxes arising from any transactions on Celsius
Summ Celsius filed for bankruptcy in July, 2022. Prior to this, on June 12 users were prevented from withdrawing funds. As a result, Celsius users have been effectively locked out of their funds pending resolution from the bankruptcy proceedings. Read our article from 2022 to learn more.
If you were a customer of Celsius and wondering how to proceed with your taxes, we suggest contacting a tax professional who will be able to give you tailored advice depending on your own situation and local tax laws.
If you have received guidance and understand how you would like to treat your Celsius assets, you can use Summ to categorise your related transactions accordingly. Use the categorisation options available if you wish to declare particular transactions as non-taxable via the ‘lost’, ‘stolen’ or ‘ignore out’ categories.