When it comes to cryptocurrency, tax laws are often murky and undefined. This can be especially confusing when it comes to Ethereum, as its tax status is still being determined. However, there are some general things you need to know about Ethereum and taxes. For starters, Ethereum is considered a property, not a currency. This […]
How To Pay Taxes On Crypto Trading
Cryptocurrencies are 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. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. As cryptocurrency […]
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What Are Taxable Events In Crypto
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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How Is Crypto Taxed
Cryptocurrencies are a new form of digital asset that are created and stored electronically. They are not regulated by governments or traditional financial institutions, but by an open network of computers. This makes cryptoassets difficult to categorize and tax. How Is Crypto Taxed? The tax treatment of cryptocurrencies varies from country to country. In the […]
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25 Min
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What Tax Do You Pay On Crypto
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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22 Min
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How To File Taxes On Crypto Gains
Cryptocurrencies are becoming increasingly popular, and with that popularity comes a new set of tax implications. If you have made gains on cryptocurrencies, it is important to understand how to file your taxes correctly. The first step is to determine the value of your cryptocurrency at the time of the transaction. This can be done […]
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22 Min
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Which Crypto Exchanges Do Not Report To Irs
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. There are many different cryptocurrencies, but the most well-known and largest by market capitalization is bitcoin. Bitcoin and other cryptocurrencies […]
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20 Min
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Where Do You Report Crypto Income
Whenever you receive income in the form of cryptocurrency, it’s important to know where to report it on your taxes. Cryptocurrency is considered property for tax purposes, so you’ll need to report the proceeds from any sales or exchanges you make. You’ll also need to report any income you receive from using cryptocurrency for goods […]
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What Happens If You Don’t Report Crypto Taxes
Cryptocurrency taxation is a relatively new field, and as a result, there is a lot of confusion surrounding it. One of the most common questions is what happens if you don’t report your crypto taxes? The short answer is that you could face significant penalties from the IRS. If the IRS determines that you have […]
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29 Min
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How Bitcoin Is Taxed
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
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22 Min
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