The IRS crypto question could change for your 2022 taxes

Many companies that appear on Money advertise with us. Opinions are ours, but compensation and in-depth research determines where and how companies can appear. Learn more about how we make money. When you file your 2022 taxes, you’ll likely find a new cryptocurrency question on the first page of your tax return. But it might … Read more

Cryptocurrencies should be taxed as investments, not money

Physical imitation Bitcoins (Photo by Ozan KOSE/AFP) (Photo by OZAN KOSE/AFP via Getty Images) AFP via Getty Images Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) have proposed exempting cryptocurrency transactions of $50 or less from capital gains taxes. While it seems like a modest tax change, it could have profound effects on the perception … Read more

Thinking of paying for college with Bitcoin or cryptocurrencies? Consider these 3 tax tips

Retirement Daily’s Robert Powell sat down with Jeffrey Levine, CPA and tax professional at Buckingham Strategic Wealth Partners, to discuss tax tips for those trying to pay for their college education with cryptocurrency. The experts at TurboTax Live are looking out for you. Expert help your way: Get help on the go or transfer your … Read more

CoinDCX’s Mridul Gupta’s Advice for Cryptocurrency Investors

What has been the impact of TDS on trading volumes at CoinDCX? On the investor side, there is very little impact, because most of them are long-term holders. So when they are buying, there is no TDS implication. When it comes to traders, they are definitely readjusting their portfolios and positions. But we have yet … Read more

Reduce Your Crypto Tax Bill With Koinly Tax Loss

Sydney, June 29, 2022 (GLOBE NEWSWIRE) — Tax loss collection allows you to claim capital losses by recognizing and selling your assets at a loss. These capital losses can also be carried over to future capital gains and even over several financial years. For example, if you made $10,000 after buying and selling Bitcoin but … Read more