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Last Updated on February 19, 2023 by Paganoto

Frequently Asked Questions on Virtual Currency Transactions

Frequently Asked Questions on Virtual Currency Transactions

Comments on these FAQs may be submitted electronically via email to Notice.Comments@irscounsel.treas.gov. The email should include “FAQs on Virtual Currency” in …

Virtual Currencies – Internal Revenue Service

Virtual Currencies – Internal Revenue Service

Review IRS tax guidance related to individual and business transactions using virtual currencies, such as Bitcoins or other similar currencies.

Cryptocurrency Tax Guide — How to File in 2022 – Time

Cryptocurrency Tax Guide — How to File in 2022 – Time

Yes, your Bitcoin, Ethereum, and other cryptocurrencies are taxable. The IRS considers cryptocurrency holdings to be “property” for tax …

How to Report Cryptocurrency On Your Taxes in 5 Steps

How to Report Cryptocurrency On Your Taxes in 5 Steps

Complete IRS Form 8949

Your Crypto Tax Guide – TurboTax Tax Tips & Videos

Your Crypto Tax Guide – TurboTax Tax Tips & Videos

Can the IRS track crypto activity?

How The IRS Is Looking For Its Share Of Cryptocurrency And …

How The IRS Is Looking For Its Share Of Cryptocurrency And …

The IRS clearly states that for federal tax purposes, virtual currency is treated as property. The IRS also provided that general tax principles …

The IRS Is Working On A New Tax Form To Capture … – Forbes

The IRS Is Working On A New Tax Form To Capture … – Forbes

Regulations (commonly referred to as Regs) interpret legislation and give specific directions on how to comply with the law. As a part of the …

3 Crypto Tax Tips to Avoid IRS Trouble – CoinDesk

3 Crypto Tax Tips to Avoid IRS Trouble – CoinDesk

Exchanging your crypto for another crypto or for NFTs is a taxable event … The IRS considers crypto property, which means that if you sell or …

IRS releases first cryptocurrency guidance in five years

IRS releases first cryptocurrency guidance in five years

The IRS has not released significant guidance on virtual currency transactions in over five years. In March 2014, the IRS issued Notice 2014-21 (the Notice), …

How Is Cryptocurrency Taxed? (2021 and 2022 IRS Rules)

How Is Cryptocurrency Taxed? (2021 and 2022 IRS Rules)

You’re required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law just like …