Cryptocurrencies are all the rage these days. Whether you are a trader or an investor, you are likely to be interested in this new asset class. But do you have to pay taxes when trading crypto? The answer is yes, you do have to pay taxes when trading crypto. This is because, like any other […]
How Does Buying Bitcoin Affect Taxes
When it comes to taxes and cryptocurrency, there are a lot of questions that come up. How do you report cryptocurrency transactions on your taxes? Do you have to pay taxes when you sell bitcoin? What about when you buy something with bitcoin? In this article, we’re going to answer some of the most common […]
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What If I Don’t File Crypto Taxes
What if I don’t file crypto taxes? Cryptocurrencies are considered a form of property for tax purposes, meaning that anyone who has made gains from trading or using cryptocurrencies must report these to the IRS. Failing to do so can result in hefty fines and even imprisonment. The IRS has been clear in its stance […]
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How To Claim Losses On Crypto
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. Cryptocurrencies are often held as an […]
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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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How To Get Crypto Tax Forms
Cryptocurrencies are gaining in popularity all over the world, with more and more people investing in them every day. This has led to a rise in the number of people who need to file crypto tax forms. If you’re one of those people, you may be wondering how to get your hands on the right […]
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