by CountDeFi Author | Mar 12, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, DeFi, IRS, United States
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...
by CountDeFi Author | Jan 22, 2024 | Crypto Regulation, Crypto Tax, Cryptocurrency, DeFi, IRS, United States
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...
by CountDeFi Author | Dec 1, 2022 | Crypto Tax, Recommended articles
Why now? It is an ideal time to start thinking about tax-loss harvesting. The final countdown has begun, and 31 December 2022 can be seen waiting on the horizon. The rollercoaster of crypto has seen more downs than ups, and luckily, the chapter is coming to a close,...
by CountDeFi Author | May 5, 2022 | DeFi, Recommended articles
What is DeFi? Decentralised finance, better known as DeFi, is essentially the entire financial world behind crypto. As we speak, developers are recreating fundamental financial institutions and replacing old ways and old systems. It is hard to understand and imagine...
