W

Exchanges reporting crypto gains to IRS becomes tax nightmare

Business Management
Share
Exchanges reporting crypto gains to IRS becomes tax nightmare

The IRS can now see your crypto gains, but has no idea about the cost-basis. That’s proving to be a big headache for some cryptocurrency investors.

Exchanges reporting crypto gains to IRS becomes tax nightmare

Exchanges reporting crypto gains to IRS becomes tax nightmare


Source:Cointelegraph

Disclaimer:Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

US sanctions Canadian money-exchange firms over Iran ties

US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program. Source:Cointelegraph

Suspicious prediction market activity seen before election poll release: NYT

Bets were placed shortly before two recent New York Times/Siena political polls were released to the public, according to a report. Source:Cointelegraph

Nvidia may face a more hostile post-election Washington: Report

CEO Jensen Huang’s relationship with President Donald Trump probably won’t save the company from a more adversarial Washington, Semafor says.…

Elon Musk opens the door for a big SpaceX acquisition

The rocket and satelliteinternet company is looking to challenge telecom giants. Source:MarketWatch

Source:https://cointelegraph.com/magazine/exchanges-reporting-crypto-gains-to-irs-becomes-tax-nightmare