Bookmarking Crypto Insights
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Since the incredible bull run last year, early adopters, and even people who invested in cryptocurrencies back in January 2017, have made an incredible amount of financial gains. In the U.S. some people who want to cash out a good chunk of money realize they’ll end up paying the taxman (IRS) a lot of money … Read more
The topic of cryptocurrencies and taxes has been kicked around a fair few times. It seems cryptocurrency trusts offer a legal method of avoiding taxes. They are not necessarily for everyone, yet they do raise some interesting issues. The Future of Cryptocurrency Trusts It has become apparent that not everyone wants to pay taxes on their … Read more
“We recommend the IRS release immediate guidance regarding the tax treatment of virtual currency transactions” Go to Source Powered by WPeMatico
So, you’ve got an option in crypto. How would it be taxed? Go to Source Powered by WPeMatico
Azerbaijan’s Taxes Ministry has announced that it considers cryptocurrency trading to be a taxable event Go to Source Powered by WPeMatico
A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated with allegedly promising big returns on … Read more
So, is claiming 1031 treatment for cryptocurrency trades for the past smart or stupid? #EXPERT_TAKE Go to Source Powered by WPeMatico
Bitcoin cash (BCH) is now trading at $1,000 USD, returning the price to levels not seen since late March of this year. Analysts have attributed the spike to after-tax-season liquidity, strong volume, and a passionate and active community supporting the project. Also read: Bitcoin Cash Gains Advance 4% Above BTC Bitcoin Cash Smashes Through $1,000 The … Read more
Well-known crypto advisor and investor reports a $2 mln hack during a live stream, Twitter and Reddit users take it upon themselves to investigate the claim. #NEWS Go to Source Powered by WPeMatico
In the U.S. tax season has arrived and many American cryptocurrency proponents are squirming because they have to pay for some of the gains they made last year. However, there are a lot of digital currency holders who could care less about taxes and they strongly believe that taxation is antithetical to cryptocurrencies. While there … Read more
