us crypto tax

Let’s go through the process of preparing and reporting your cryptocurrency taxes step by step. First, you calculate your capital gains and losses. Make sure you choose a specific cost basis and use the following equation to get these values: Sales Price - Cost Basis = Crypto Gains/Losses...

#1) Since 2019, the IRS has been sending out warnings to cryptocurrency traders. Due to the rapidly expanding crypto market, the IRS is constantly improving its systems to prevent tax evasion and fraud. The IRS receives reports on traders' transactions directly from cryptocurrency exchanges, and...

USA may not tax normal crypto enthusiastic, but only brokers will be taxed. This was informed by US Senator Rob Portman of the US state of Ohio. In a tweet, Senator Portman claimed that crypto miners, stakers (HODLers) and those who sell hardware or software for crypto wallets, are "not subject...