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CoinTracker is a comprehensive crypto tax planning and reporting software that connects to most wallets and crypto exchange accounts. You can get IRS tax reports automatically created, track your ...
The IRS treats cryptocurrency as property. Buying and holding it isn't a taxable event because that doesn't generate capital gains or losses -- but selling and exchanging it does. So if you did ...
CoinTracker Co-Founder Chandan Lodha joins Yahoo Finance Live to discuss how crypto investors should approach including their digital assets in tax filings, documenting cryptocurrency and NFT ...
According to a survey from crypto portfolio tracking and tax software company CoinTracker, nearly 40% of crypto investors didn’t know that their transactions were taxable. As of March 27, 96% of ...
The reporting rules were finalized in June 2024 — but do not go into effect until the 2026 tax filing season. If you buy or sell crypto through a centralized exchange — you may end up ...
The tax rate depends on the state you live in, how long you held the asset, and your tax bracket. “If you sell crypto that’s gone down in value, the capital loss gets written off against your ...
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In the U.S., the crypto industry will also grapple with new rules in the recently passed $1.2 trillion infrastructure bill that apply to digital assets, including a requirement for crypto ...