How do I file taxes on cryptocurrencies?
As a <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> investor, I'm wondering how to properly file taxes on my digital assets. Could you provide me with a concise overview of the key steps involved? I'm particularly interested in understanding how to calculate my taxable income from crypto transactions, including both gains and losses. Also, I'm not sure if I need to report every single trade or if there's a threshold for when I should start filing. Finally, I'd appreciate any tips on how to keep accurate records to ensure I'm complying with all relevant tax regulations. Thank you for your assistance.
How much crypto do you need to file taxes?
Excuse me, I'm a bit confused about cryptocurrency taxes. I've been investing in a few cryptocurrencies, but I'm not sure how much of it I need to declare when it comes to tax time. Could you possibly enlighten me on this matter? Is there a specific threshold or amount that triggers the need to file taxes on crypto? And if so, how does the process work? I'd appreciate your expertise in this area.