So, is claiming 1031 treatment for cryptocurrency trades for the past smart or stupid? #EXPERT_TAKE
Today, April 17th, is tax day here in the U.S, but a significant number of investors have apparently not reported gains from digital currency trading to the Internal Revenue Service (IRS). TeamBlind and Credit Karma According to a survey from TeamBlind, the anonymous messaging app popular in fintech circles, 46% of people who made money trading cryptocurrencies in… […]
A New York resident has been indicted on fraud charges for tricking residents into investing in worthless binary options and a proprietary token.
‘Tax Day’ in the U.S. is today, April 17, and a number of analysts are bullish on Bitcoin as the much-anticipated tax deadline should trigger the next upward momentum. ‘Tax Day’ to Spark New Bullish Momentum For Bitcoin The cryptocurrency market has been hungover ever since Bitcoin entered the futures trading market in December 2017. The… […]
Like elsewhere in crypto taxation, the rules for funds are far from straightforward, and discrepancies may lead to non-intuitive outcomes.
There is little guidance from the IRS on how to treat a token offering or SAFT for tax purposes. Determining how to do so is a fact-intensive process.
Well-known crypto advisor and investor reports a $2 mln hack during a live stream, Twitter and Reddit users take it upon themselves to investigate the claim. #NEWS
The ways governments tax cryptocurrency users may be unjust and due for reform, but simply ignoring the law for this reason is a dicey proposition.
In just two days, the U.S. tax filing deadline, April 17th, will be here. Despite this, only a very small fraction of Americans have reported their cryptocurrency holdings. In fact, data released from Credit Karma reveals that fewer than 100 people — out of the most recent 250,000 filers using the tax platform — reported… […]
The spreadsheet got more and more complicated, until one day it took two minutes to load.
As tax day in the US approaches, a tax filing service reports that less than 100 out of 250K customers have included crypto in capital gains filings #NEWS
With tax season upon us, cryptocurrency enthusiasts have a lot to take into account. For one thing, it seems there are some details which most people may not be aware of. Failing to comply with these requirements can lead to a jail sentence, though, so it’s important to keep these things in mind at all times. […]
There has been no new cryptocurrency tax guidance from the IRS since 2014. Consequently, few investors fully understand how to treat 2017 gains.
From depreciation of rig equipment to a second reporting and tax requirement after mined coins are sold, tax rules for miners can get complicated.
U.S. income tax treatment of forks is unclear. A conservative approach would be to treat the receipt of new cryptocurrency as taxable ordinary income.