Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape.
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Category: cryptocurrency taxes
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South Korean Prime Minister nominee to look into controversial crypto tax law
South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.
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After Making Over $800K From Crypto, One Investor Now Owes The Government $400K In Taxes
We have all heard about the crypto millionaires; people who invested in cryptocurrencies before the rest of us had a clue about what Bitcoin was. These investors saw their investments rise 10, 20 and even 50 times and reaped millions of dollars in months. However, very rarely do we hear how these gains became the […]
The post After Making Over $800K From Crypto, One Investor Now Owes The Government $400K In Taxes appeared first on NullTX.
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Blockpit launches world’s only solution for fully audited seamless crypto tax reporting
Today, millions of people all around the world own cryptocurrencies. Popular digital currency exchange Coinbase has beyond 20 million users, meaning that they alone have more users than one of the world’s largest traditional brokerage firms, Charles Schwab, has customers. So far, the average cryptocurrency user trades or holds assets on around 4 to 5 […]
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