Last Updated on January 19, 2024 by Paganoto
IRS releases first cryptocurrency guidance in five years
IRS releases first cryptocurrency guidance in five years
In March 2014, the IRS issued Notice 2014-21 (the Notice), stating that cryptocurrency was to be treated as property, rather than currency for US federal income tax purposes.
Virtual Currencies – Internal Revenue Service
Virtual Currencies – Internal Revenue Service
Frequently Asked Questions on Virtual Currency Transactions
Frequently Asked Questions on Virtual Currency Transactions
Will I recognize a gain or loss when I sell my virtual currency for real currency? … When does my holding period start for cryptocurrency I receive?
The Taxation of Cryptocurrency – The CPA Journal
The Taxation of Cryptocurrency – The CPA Journal
The IRS addressed the taxation of cryptocurrency transactions in Notice 2014-21, which provides that cryptocurrency is treated as property for …
IRS Says Bitcoin to Be Taxed As Gains; New Rule is Retroactive
IRS Says Bitcoin to Be Taxed As Gains; New Rule is Retroactive
Since Bitcoin’s introduction in 2009, the IRS has left users in the dark about the tax liability of their assets. On Tuesday, the IRS …
The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 …
The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 …
Purchases of goods and services were deemed taxable when the IRS issued its original guidance in 2014, which said that digital currencies were …
US Crypto Tax Guide 2022 – CoinDesk
US Crypto Tax Guide 2022 – CoinDesk
Taxpayers can file their taxes between Jan. 24 and the April 18 deadline, with penalties issued for submissions made beyond the deadline.
Cryptocurrency Taxes – Investopedia
Cryptocurrency Taxes – Investopedia
When Is Cryptocurrency Taxed? … Cryptocurrencies on their own are not taxable—you’re not expected to pay taxes for holding one. The IRS treats cryptocurrencies …
Understanding the Cryptocurrency Tax Rate – TaxBit
Understanding the Cryptocurrency Tax Rate – TaxBit
The cryptocurrency tax rate for federal taxes is the same as the capital gains tax rate. In 2021, it ranged from 10-37% for short-term capital …
How the IRS is trying to nail crypto tax dodgers – CNBC
How the IRS is trying to nail crypto tax dodgers – CNBC
The IRS treats virtual currencies like bitcoin as property, meaning that they are taxed in a manner similar to stocks or real property. If you …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.