IRS proposes digital-only Form 1099-DA delivery, expanding crypto tax reporting requirements & increasing oversight of ...
For many investors, cryptocurrency is still relatively new and uncharted, so the investment strategies may seem to change as quickly as the price fluctuates. If you think this sounds complicated, just ...
Sen. Cynthia Lummis (R-Wyo.) unveiled new legislation Thursday updating tax rules for cryptocurrencies, as Congress continues to move toward establishing a comprehensive regulatory regime for digital ...
Crypto taxpayers are in for a rude awakening. We’re 16+ years into Bitcoin, yet taxpayers and CPAs still pretend that tax guidance remains unclear or even nonexistent. The IRS is gearing up for a ...
The Internal Revenue Service generally treats crypto like property, similar to stocks or real estate, so selling crypto can trigger a capital gain or loss. But many investors have been able to use a ...
When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere ...
Country-specific guides explaining how your jurisdiction treats crypto for tax purposes, including reporting rules, taxable events (trades, ICOs, income, staking, airdrops, etc.), recordkeeping, and ...
If your crypto portfolio is down, tax loss harvesting is one of the easiest and most effective ways to reduce your tax bill while staying fully invested. This illustration photograph taken on November ...