Cryptocurrency is a digital or virtual currency 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. Taxes on cryptocurrency can be confusing, as the rules surrounding digital currencies are still being written. However, there are […]
How To Report Crypto On Turbotax
TurboTax is one of the most popular tax preparation software programs available, and it now includes support for cryptocurrency reporting. If you have transactions involving Bitcoin, Ethereum, or any other type of digital asset, here’s how to report them on TurboTax. First, you’ll need to add a new cryptocurrency account to your TurboTax account. To […]
When Do You Have To File Crypto Taxes
The Internal Revenue Service (IRS) released guidance in 2014 on how to treat digital currencies for tax purposes. The guidance provides that digital currencies are to be treated as property for federal tax purposes. This means that when you use digital currencies to purchase goods or services, you must report the fair market value of […]
How To Get Around Taxes On Crypto
The cryptocurrency market is booming, and with it, the number of people investing in digital assets is increasing. While this may seem like a great opportunity to make some money, it’s important to keep in mind that you need to pay taxes on your crypto investments. Luckily, there are ways to get around taxes on […]
How To File Taxes On Crypto
Cryptocurrency taxes can be confusing, but they are still important to file. In this article, we will cover everything you need to know about crypto taxes. First, you need to figure out which taxes you need to pay on your crypto. The four most common types of crypto taxes are income tax, capital gains tax, […]
How Do They Tax Crypto Gains
Cryptocurrencies like Bitcoin have seen a meteoric rise in value in recent years, with some coins worth thousands of dollars. This has led to a surge in popularity of the digital assets, and a corresponding increase in the number of people holding them. However, one question that has been on many people’s minds is how […]
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