How NFTs Are Taxed: The IRS Plan
Digital artist FEWOCiOUS is auctioning five NFT artworks, along with five physical paintings and drawings at Christie’s on June 28, 2021 in New York. Noam Galai...
Tagged: Government tax and revenue
How NFTs Are Taxed: The IRS Plan
The IRS plans to tax non-fungible tokens as collectibles, the agency said in a statement Monday. Collectibles have a top long-term capital gain of 28%. Other...
How to report crypto losses in 2022 on your tax return
Luc MacGregor | Bloomberg | Getty Images The latest crypto rally could be good news for digital currency investors. However, if you are still recovering from...
How to report crypto losses in 2022 on your tax return
If you’re still recovering from last year’s crypto losses, it may be possible to get a tax deduction on your returns in 2022. Tax loss harvesting...
How to handle cryptocurrency losses on your 2022 tax return
The digital currency industry lost nearly $1.4 trillion in 2022 after a series of bankruptcies and liquidity problems. Experts cover what you should know about claiming...
Fidelity Charitable Launches NFT Lottery Amid Crypto Downtime
NEW YORK — Fidelity Charitable is entering NFTs, the digital images recorded on the blockchain, despite a flood of bad news from the adjacent world of...
Fidelity Charitable Launches NFT Lottery Amid Crypto Downtime
NEW YORK — Fidelity Charitable is entering NFTs, the digital images recorded on the blockchain, despite a flood of bad news from the adjacent world of...
What investors need to know about the latest crypto tax reporting rules
Jose Luis Pelaez | Getty Images The IRS is sharing more details on how to report digital assets for the 2022 tax filing year, according to...
What the latest IRS crypto tax summons means for investors
The IRS continues to pursue US taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new court order authorizing a subpoena for...