can you get in trouble with cryptocurrency
October 12 2021 By Samuel OBrient InvestorPlace Financial. You can generally use it against other income or investment gains up to 3000 and carry over the rest.
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However since crypto in itself is a rather novel concept the calculation of its taxes still remains trouble for most and this is where a Bitcoin tax calculator comes into the picture.
. Scottish perspective on news sport business lifestyle food and drink and more from Scotlands national newspaper The Scotsman. Failure to report cryptocurrency on your tax return can lead to trouble with the IRS. If you are a citizen of the US and own any cryptocurrency including Bitcoin you are automatically subjected to certain taxes per the law.
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