The path can get foggy sometimes…
a guide can help.
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New tax reporting requirements for Bitcoin or other digital assets.
If you invest or trade in Bitcoin, non-fungible tokens (NFTs), Stablecoins, or other digital assets, prepare for sweeping new tax reporting requirements.
The IRS Wants to Know about Your Crypto
At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?
Cryptocurrency, Bitcoin, And Taxes
Bitcoin and other Cryptocurrencies are considered property in the eyes of the IRS. This means that anytime Cryptocurrency is sold or exchanged, the seller is going to have either a gain or a loss…