The IRS recently shared some interesting findings. They looked at who is reporting crypto taxes. It turns out, most of these people are young and don't earn a lot. They also don't bother with itemizing deductions. This group seems to be typical retail investors. Here's something to consider: a simp
Congress has made a bold move that will have a significant impact on the crypto industry. This decision came on Wednesday when they voted to scrap a regulation that would have required certain digital asset platforms to share customer transaction details with the IRS. This change is expected to save
The IRS has finally released their long-awaited tax reporting guidelines for digital assets. This means crypto investors need to get ready, as changes are coming soon. Starting in 2026, brokers will have to report gross proceeds from sales made in 2025 using a new form called 1099-DA. A year later,
Calculating crypto taxes can be a daunting task, especially for those who are new to the world of cryptocurrency trading. But fear not, dear reader, for we're about to break down the key rules that every bitcoin investor should know. So, grab your wallet and let's dive in! When you trade one coin f
