Crypto Tax 2022

Happy about your achievements on cryptocurrency? Well, IRS feels the same. Now be prepaid for it.

IRS Guidance for Virtual Currencies

Here’s the guidance the IRS has issued so far related to virtual currencies and tax reporting:

• Virtual currencies
• Frequently asked questions on virtual currency transactions
• IRS Notice 2014-21: How existing tax principles apply to virtual currency transactions

Reference: Here's a good source to read.

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