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Tag: Cryptocurrency Taxes

Understanding the New IRS 1099-DA for Digital Asset Reporting

The Internal Revenue Service (IRS) has recently unveiled the first draft of the 1099-DA form, tailored specifically for digital asset transactions. This development is...

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Taxes on Crypto Loans in Europe: Country by Country (September 2023 UPDATE)

(Last Updated On: September 17, 2023) Crypto taxes for loans in Europe refer to the taxation regulations and obligations that individuals or businesses must comply...

Navigating The World Of Crypto Gambling Regulation In Australia – CryptoInfoNet

Navigating Crypto Gambling Regulation in Australia: Balancing Legal Compliance with the Excitement of Online Wagering and Digital Coins.Picture this: the world is buzzing with...

Bitcoin, Altcoins, DeFi, and NFTs: What’s Taxable?

Executive Summary If you have invested in cryptocurrencies, DeFi, or NFTs, there’s a good chance you may have to pay taxes. In this guide, we will...

Is the IRS Cracking Down on Crypto?

In this article, we’ll explore the different ways in which crypto tax fraud is increasingly becoming a focus for regulators — and how investors...

2023 Guide to Cryptocurrency Taxes

While crypto taxes can be complicated, the key principles are not. Fix these ideas in your head: Taxable events: Selling crypto. Trading crypto. Buying stuff with crypto. Receiving crypto...

Is The Crypto Industry Ready For Tax Regulation? Survey Shows

For federal tax purposes, crypto assets are treated as property, which could be counterproductive for investors in the United States. Although digital assets are...

13 Ways Governments are Using the Metaverse

Virtual reality (VR) and augmented reality (AR) have been gaining popularity for a few years. However, their integration into the metaverse has only taken...

Singapore To Charge Income Tax On NFTs, Says Minister

Current income tax rules in Singapore will apply to transactions involving non-fungible tokens (NFTs), Finance Minister Lawrence Wong reportedly said on Friday. But their application will depend on the nature and use of the token. Specifically, individuals who depend on NFT transactions or trading as a source of income will be subject to deductions, The

The post Singapore To Charge Income Tax On NFTs, Says Minister appeared first on CoinGape.

How are cryptocurrency taxes reported?

Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape.

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