Tax Week

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Tax Week

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4 Crypto Tax Myths You Need to Know

With the U.S. tax deadline (April 18) around the corner, confusion about cryptocurrency taxes abounds. Here are some ways you might have your facts wrong, according to ZenLedger COO, Dan Hannum. This piece is part of CoinDesk's Tax Week.

(Artem Maltsev/Unsplash)

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FIFO or Specific Identification: Choosing the Best Way to Calculate Cost Basis on Crypto

For crypto users who use multiple exchanges or wallets, understanding how the IRS treats cost basis assignment can eliminate confusion. This post is part of Tax Week.

(Zach Gibson/Getty Images)

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Crypto Tax Prep Business Booms as Trading Surges and IRS Tightens Screws

Startups that help Americans calculate their crypto taxes have been raising hundreds of millions, hitting unicorn valuations. Even traditional tax-prep firms are rolling out crypto services. This piece is part of CoinDesk's Tax Week.

(Creative Commons, modified by CoinDesk)

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Form 1099-B Is Not the Solution to Your Cryptocurrency Tax Problems

Repurposing tax reporting designed for equity trading ignores the innovation brought about by wallet-to-wallet transactions. This piece is part of CoinDesk's Tax Week.

(Reddit, modified by CoinDesk)

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Crypto Tax Compliance Remains Minefield as IRS Leaves Key Questions Unresolved

A lack of guidance on everything from staking rewards to NFTs means there’s a certain amount of guesswork involved in tax filings. This piece is part of CoinDesk's Tax Week.

(Melody Wang/CoinDesk)

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A Healthy US Bitcoin Mining Industry Could Generate Significant Tax Revenue

Tax revenue inflows from bitcoin mining companies could represent a meaningful windfall for the United States government. This piece is part of CoinDesk’s Tax Week.

(Sharon McCutcheon/Unsplash)

Навчання

5 Things to Remember When Paying Your NFT Taxes

Desai is the CEO & co-founder of Reconcile, a real-time tax planning app for accountants and their DIY investing clients. He also helps connect crypto investors with expert tax professionals. This post is part of CoinDesk’s Tax Week.

(Anirudh/Unsplash)

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How to Avoid Getting Rekt by Crypto Taxes

Tax guidance lags innovation. So does tax software. Meanwhile, misconceptions abound. If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill. This piece is part of CoinDesk's Tax Week.

George Baxter, 1843 - The Wreck of the Reliance (George Baxter/Art Institute of Chicago)

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The Automatic Tax Man Cometh

Crypto won’t save you from taxes, but it may eventually make them easier to pay, says futurist Dan Jeffries. This piece is part of CoinDesk's Tax Week.

Robot hand typing keypad calculator taxes tax help (Melody Wang/CoinDesk)

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Taxes Are a Wild Card for Public Companies Holding Crypto

Investors in MicroStrategy, Tesla, Block and Coinbase need to consider how wild price swings will affect results, not only directly but indirectly due to complex tax accounting rules. This piece is part of CoinDesk's Tax Week

Free public domain CC0 photo.

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