Taxes

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Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

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Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Polish … Read more

6 Commonly Asked Cryptocurrency Tax Questions

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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. #1 Do I need to report cryptocurrency on my taxes? Cryptocurrency is treated as property for tax purposes. Just like stocks, bonds, real-estate, … Read more

Tax Guide: What Crypto Owners Should Know

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With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are not taxing crypto transactions. Furthermore, many tools exist … Read more

IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings

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The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year. Also read: … Read more