Crypto Taxes: Still Confused After All These Years
Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.
Taxes
For the second year in a row, the IRS is telling crypto investors they under-reported crypto gains. But it may be a false alarm again.
PayPal opening its network to cryptocurrencies could create a serious tax headache for users.
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.
U.K. users of the exchange who have received £5,000 or more in the past tax year will have their information passed to the tax authority.
Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.
Taxes
