Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits, the IRS is ready and waiting for its share. Capital gains taxes are ...
With the explosive volatility of Bitcoin and other cryptocurrency prices over the past few years, you may be sitting on some sizable capital gains or losses. You’ll need to report those to the IRS ...
You'll need it to report short- and long-term capital gains to the IRS Reviewed by Ebony Howard Fact checked by Vikki Velasquez When you sell or exchange capital assets like stocks, bonds, real estate ...
Even before the demise of the FTX and other cryptocurrency exchanges that have since declared bankruptcy, crypto was stressed. For many investors, the FTX scandal capped a disastrous 2022 that ...
Forbes contributors publish independent expert analyses and insights. Shehan Chandrasekera is the leading expert on cryptocurrency taxes. The Infrastructure Act passed by the U.S. Congress in 2021 ...
Form 8949 is used to report the sale or exchange of capital assets, such as stocks, real estate, or cryptocurrencies to the IRS. It details the purchase and sale dates for each transaction, as well as ...
Maybe you’re one of the millions of Americans who jumped on the Bitcoin bandwagon in 2021. Or perhaps you’ve become an active crypto trader. Or maybe digital currency bonuses have become part of your ...
HOUSTON — More than 1.1 million taxpayers are owed a share of over $1 billion in unclaimed refunds for the 2021 tax year, according to the Internal Revenue Service. However, the deadline to claim the ...