Report: Crypto traders potentially owe IRS around $50B in unpaid taxes
IRS is interested in crypto as it has added questions about cryptocurrency and digital assets to its US Individual Income Tax Return form (Form 1040).
Read crypto tax news, reporting rules, compliance guidance, audits, and policy changes affecting digital asset holders and businesses.
India tax department wants to implement a 20% tax on DeFi gains that could be withdrawn from the source.
Cryptocurrency investors in Germany can benefit from 0% tax rates on their profits if they hold their coins for a year without cashing out.
A Miami based lending firm is offering crypto backed mortgages if you have 100% of the value of the home in crypto.
Koinly integrates Terra to provide easier reporting of cryptocurrency Luna, adding it’s long list of cryptocurrencies.
Although filing returns went smoothly this season, the IRS caught many new crypto owners by surprise after mandating them to include digital asset purchases and sales in their filings.
Crypto trading volumes soared on March 31 as crypto holders scrambled to close any open positions before the new tax regime took effect on April 1.