5 Must-Know Tips And 3 Smart Moves For Next Year
Bitcoin resting on a calculator beside IRS Form 1040, symbolizing cryptocurrency trading and … More
Tax season is in full swing, and if you’ve touched crypto—whether through buying, selling, staking, or trading NFTs—you need to know: the IRS is watching.
In recent years, the Internal Revenue Service (IRS) has increased its scrutiny of digital asset activity. It classifies cryptocurrencies and other digital assets, including non-fungible tokens (NFTs), as property—not currency—for tax purposes. This distinction carries significant implications: property is subject to capital gains taxation when sold or exchanged, unlike…
