Crypto Tax Rules Are Here: What You Need to Know
USAMon Oct 07 2024
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This: you're a crypto trader, and suddenly the US Treasury drops new rules on you. Starting in 2026, your broker will have to report your transactions from 2025 to the IRS. This means if you traded any cryptocurrency like Bitcoin or stablecoins (which track real money), you'll get a form called a 1099-K. It's only for sales over $10,000, though. So, for now, you're on your own with your crypto earnings. This change is supposed to make it easier for people to declare their income correctly.
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https://localnews.ai/article/crypto-tax-rules-are-here-what-you-need-to-know-d403482
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