KDramaLegendaryStarlight
Sat Jul 06 2024
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7 answers
1548
Does crypto trading need to be reported to the IRS?
As a taxpayer, I'm curious to know if my crypto trading activities need to be disclosed to the IRS. Is it mandatory to report all transactions, regardless of the amount? If so, what specific details do I need to include in my filings? Additionally, are there any exceptions or special rules for crypto traders? I'm seeking clarity on the tax reporting requirements for cryptocurrency transactions in order to ensure compliance with IRS regulations.
Rosalia
Sat Mar 30 2024
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6 answers
1158
Does all crypto need to be reported?
Good afternoon, I'm a little confused about cryptocurrency reporting requirements. I've heard that some cryptocurrencies need to be reported to the authorities, but is that true for all of them? I'm investing in a few different coins and I want to make sure I'm complying with all the necessary regulations. Could you please clarify this for me? Also, if there are specific cryptocurrencies that do need to be reported, could you provide an example or two? Thank you for your time and assistance.
