Cryptocurrencies are a new and exciting form of digital asset that is quickly growing in popularity. As their popularity rises, so too does the need to understand how to properly report and pay taxes on them. This article will walk you through the basics of how to do your crypto taxes. The first step is […]
What Is The Capital Gains Tax On Bitcoin
The IRS treats Bitcoin and other virtual currencies as property for tax purposes. This means that when you sell Bitcoin or use it to buy something, you may have to pay capital gains tax on the difference between the price you paid for the Bitcoin and the price at which you sold it. The IRS […]
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When Do You Have To Report Crypto
When do you have to report cryptocurrency? Cryptocurrencies are a new and rapidly growing asset class. As such, the rules and regulations governing their taxation and reporting requirements are still evolving. In the United States, the Internal Revenue Service (IRS) has not released specific guidance on the taxation of cryptocurrencies. However, the agency has stated […]
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How To Calculate Stocks Profit
In order to calculate a stocks profit, it is necessary to understand what it means to calculate a stock’s capital gain or loss. First, it is important to determine the cost basis of the investment. The cost basis is the original price of the stock minus any commissions or fees that were paid when the […]
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How To Compute Annual Returns Of Etf
Like stocks, exchange traded funds (ETFs) are also subject to price fluctuations. However, owning an ETF offers some important advantages, such as diversification and low costs. When it comes to calculating the annual return of an ETF, it’s important to remember that you’re dealing with two separate calculations: the capital gain or loss, and the […]
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Where To Enter Crypto On Taxes
Cryptocurrencies are becoming more and more popular each day. As people invest in them, they want to know how to report their transactions on their taxes. The answer to this question is not always straightforward, as the rules for taxation of cryptocurrencies vary from country to country. In the United States, the Internal Revenue Service […]
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