Last Updated on January 2, 2024 by Paganoto
Transacting more than $10K in crypto? You may soon have to …
Transacting more than $10K in crypto? You may soon have to …
A proposed amendment to the tax code in the infrastructure bill making its way through Congress could lead crypto traders to face fines and …
Wash Sale Rules and Cryptocurrency Tax Planning for 2022
Wash Sale Rules and Cryptocurrency Tax Planning for 2022
A wash sale occurs when you sell or trade securities at a loss and then buy … cash transfers of more than $10,000 in a trade or business.
When to Sell Crypto: Everything You Need to Know
When to Sell Crypto: Everything You Need to Know
A smart rule of thumb is to have no more than 5% to 10% of your investment portfolio in the crypto market. Is now a good time to buy and hold cryptocurrency?
Cryptocurrency and the Wash Sale Rule: A Tax Loophole That …
Cryptocurrency and the Wash Sale Rule: A Tax Loophole That …
They escape one rule that applies solely to financial securities: the “wash sale” rule.
How the IRS is trying to nail crypto tax dodgers – CNBC
How the IRS is trying to nail crypto tax dodgers – CNBC
If you buy one bitcoin for $10,000 and sell it for $50,000, you face $40,000 of taxable capital gains.
Tax loophole: Wash sale rules don't apply to bitcoin … – CNBC
Tax loophole: Wash sale rules don't apply to bitcoin … – CNBC
The crypto market is down 46% from its all-time high in May, … losses on crypto holdings are treated much differently than losses on …
Cryptocurrency: What It Is and How It Works – NerdWallet
Cryptocurrency: What It Is and How It Works – NerdWallet
Bitcoin and most other cryptocurrencies are supported by a technology known as … out financial transactions more complex than those supported by Bitcoin.
Best Online Brokers For Buying And Selling Cryptocurrency In …
Best Online Brokers For Buying And Selling Cryptocurrency In …
Cryptocurrency, especially Bitcoin, has proven to be a popular trading vehicle. … rising to more than $10,000 and then significantly higher — crossing the …
If You Sold or Traded Bitcoin in 2021, the IRS Wants to … – CNET
If You Sold or Traded Bitcoin in 2021, the IRS Wants to … – CNET
This year the 1040 US Individual Income Tax Return form (PDF) features a question about crypto: “At any time during 2021, did you receive, sell, …
Revisiting the Taxation of Cryptocurrency: What Happens …
Revisiting the Taxation of Cryptocurrency: What Happens …
However, if the cryptocurrency was instead sold for $20,000, then the seller would recognize a loss of $10,000 at the time of sale.
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Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.