Taxation of Cryptocurrencies: A Comprehensive Regulatory Overview

Other cryptocurrencies are also now strong investment options and the Shiba Inu-themed Dogecoin, whose symbol is DOGE, which was initially created as a joke, is now one of the best known tokens. It is now priced at ₹5.56, down from ₹5.73, a change of -2.97% in 24-hours. If you’re comfortable with the risk involved, investing in cryptocurrency could be a smart play. Success hinges on being able to sell the crypto you purchase at a profit. The upside is that it doesn’t take a lot of money to get started with cryptocurrency investing. Cryptocurrency Price Today: Bitcoin Stable Above $34,000,… Read More

Taxation and Cryptocurrency Investment: What You Need to Know

Every time you trade cryptocurrencies, you need to keep track of how much you gained or lost in U.S. dollars. If you’d rather keep it simple, cryptocurrency stocks could make it easier to track gains and losses compared to buying and selling specific coins. The IRS has been taking steps to ensure that crypto investors pay their taxes. Tax filers must answer a question on Form 1040 asking if they had any type of transaction related to a digital asset during the year. Crypto exchanges are required to file a 1099-K for clients who have more than 200 transactions and… Read More