If you’ve ever invested in crypto, then you know seeing the market plummet before your eyes can be a harsh reality. With so much volatility, crypto tax-loss harvesting can be a silver lining that helps save thousands of dollars when it comes time to pay Uncle Sam.
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The U.S. infrastructure bill would help crypto tax enforcement, requiring all brokers to report info about customer transactions to the IRS.
Back in 2020, Coinbase announced that they would no longer issue Form 1099-K to their users, and instead would issue
The IRS is now asking all US taxpayers about their crypto activity. The wrong answer could land you in big trouble.