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 taxable assets. The Internal Revenue Service (IRS) […]
How To File Crypto Taxes For Free
With the advent of Bitcoin and other cryptocurrencies, the process of filing taxes has become more complicated. While the Internal Revenue Service (IRS) has not specifically addressed the taxation of cryptocurrencies, it is clear that they are taxable assets. Fortunately, there are a number of online resources that can help taxpayers file their crypto taxes […]
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