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 Jade Bertels | Dec 12, 2023 | United States
Why prioritize this? Every bear market is a tough time for crypto traders. The satisfaction of watching your portfolio’s value grow day by day is all but gone. However, this kind of market presents a unique opportunity to consider the potential benefits of tax loss...
by CountDeFi Author | Jul 31, 2023 | Crypto Regulation, Crypto Tax, Cryptocurrency, DeFi, Recommended articles, United States
For Americans with money to invest, the crypto industry’s pace of development can be confusing. Whether hype or reality – and, often, it’s a bit of both – the stories we read online and the conversations we hold over the barbeque can leave us unsure of what to think,...
by CountDeFi Author | Jun 27, 2023 | Crypto Tax, United States
Tax authorities in jurisdictions around the world are paying ever closer attention to crypto trades and related payments as a source of revenue. Their focus has, in turn, highlighted the importance to crypto investors of high-quality transaction data – its being...
