Lina Danilchik

Few Customers in the US Report Cryptocurrency Trading to Tax Authorities

According to Credit Karma, less than 0.04 percent of people, who have filed federal taxes this year via the financial service, reported cryptocurrency transactions to the U.S. tax collection agency – Internal Revenue Service (IRS). The IRS considers Bitcoin as property for federal tax purposes and not as currency since March 2014, which means that gains or losses from the sale, trade, exchange, mi...[Read More]

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