What is Crypto Tax Loss Harvesting? Crypto tax loss harvesting is a tax strategy involving the sale of cryptocurrency assets at a loss to offset gains from other trades or investments. These losses can reduce your taxable income, thereby minimizing the taxes you owe...
Are you unsure about how crypto tax works in the US? The reality is that the Internal Revenue Service (IRS) guidelines are evolving, which may incentivize behavior such as “I’ll pay my tax when the IRS finalizes their guidelines”. However, new legislation requires...
The fairly new crypto reporting tax law that has recently come into effect appears to have massive implications for crypto users. But what it means exactly, and who it may affect, is unclear. What is the $10k Crypto Reporting Rule (6050I)? Forming part of the...