Cryptocurrencies are taxable assets, and taxpayers must declare any profits or losses they make from trading them on their annual tax returns. The question of which form to use to declare crypto taxes, however, can be confusing, as there are a few different options available. The most common form for declaring crypto taxes is IRS […]
How To File Tax For Bitcoin
The Internal Revenue Service (IRS) treats Bitcoin and other digital currencies as property for tax purposes. This means that you must report any gains or losses on your digital currency transactions on your federal income tax return. Here’s a quick overview of how to file your taxes if you’ve been involved in Bitcoin transactions. 1. […]
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