Since the introduction of Bitcoin in 2009, the cryptocurrency market has grown exponentially. With over 1,500 different cryptocurrencies now in circulation, the market cap of the industry is estimated at over $200 billion. As the market for cryptocurrencies has grown, so too has the interest of regulators and tax authorities around the world. How does […]
How To Crypto Taxes Work
Cryptocurrencies are a new and exciting investment, but they can also be complicated when it comes to taxes. If you’re not sure how to crypto taxes work, don’t worry – we’re here to help. In short, when it comes to crypto taxes, you’ll need to report any gains or losses you made when you sold […]
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What The Difference Between Etf And Stocks
What is an ETF? ETF stands for Exchange Traded Fund. ETFs are investment funds that allow investors to buy shares in a fund that tracks an underlying index or basket of assets. What is a stock? A stock is a security that represents an ownership stake in a company. When you buy a stock, you […]
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Tax When Selling Crypto
Cryptocurrency is digital money that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be […]
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How To Upload Crypto Csv To Turbotax
Cryptocurrencies are a new and exciting investment option, and more and more people are beginning to explore them. If you’re one of those people, you may be wondering how to report your cryptocurrency investments on your taxes. The good news is that TurboTax makes it easy to report your crypto transactions. To get started, you’ll […]
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How To Import Crypto Into Turbotax Desktop
Cryptocurrencies are all the rage these days. But if you want to use them to pay your taxes, you may be wondering how to import crypto into TurboTax Desktop. Fortunately, it’s not too difficult. Here’s a step-by-step guide on how to do it: 1. Open TurboTax Desktop and click on the “File” menu. 2. Select […]
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What Form To Use For Crypto Taxes
When it comes to paying taxes on your cryptocurrency investments, there is a lot of confusion about what form to use. Do you use Form 1040? Form 8949? The truth is, it depends on how you acquired your cryptocurrencies. If you received cryptocurrencies as a gift, you would report them on Form 709, Gifts and […]
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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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How To Get Crypto Tax Info
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. As cryptocurrencies grow in popularity, tax authorities are starting […]
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19 Min
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How Will Crypto Be Taxed
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can […]
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21 Min
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