Crypto Taxes
Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead
Crypto traders can avoid paying capital gains taxes by reaping the benefits of one of the most generous deductions in the tax code.
New 1099-DA Reporting Creates More Headaches for Taxpayers
You might think new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.
IRS Seeks to Tax NFTs Like Other Collectibles
NFTs will be taxed like the underlying assets until final rules are agreed on how to treat digital proofs of ownership held in retirement accounts
Crypto Users Want to Pay Taxes, but We Need Clearer Rules
The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.
IRS Expands Key US Tax Language to Include NFTs
Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”
Japan Looks at Corporate Crypto Tax Breaks to Entice Startups: Report
Two crypto lobby groups recently asked the government to reform crypto tax laws in the country, where investors can pay up to 55% on capital gains.
Slovenia Unveils Plan for Flat Tax on Crypto Transactions
The rate would be just under 5%, according to the government.
India Passes Stiff Crypto Tax Laws Despite Industry Uproar
Amendments sought by the crypto industry were not adopted.
Indian Crypto Industry Mulls Supreme Court Move as Tax Break Expectations Disappear
There's a glimmer of hope the government may reduce the 1% tax deducted at source.
