A recent report has found that the majority of cryptocurrency holders are aware transactions are taxable and want to comply, but struggle with actually doing so.
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Recent data from a joint report by cryptocurrency exchange Coinbase and cryptocurrency tax platform Cointracker found that, despite its reputation as a means for tax avoidance and evasion, 74% of crypto investors are aware it is taxable versus 10% who believe it is not, and furthermore 65% have either reported their crypto activity on their taxes before while 15% have not needed to because they have not yet done any taxable crypto activity (they are likely buy-and-hold investors.)
At the same time, while a slight majority are confident in their knowledge of…