There are already over 9,761 cryptocurrencies in circulation, and they are altering the banking, stock market, commerce, and investing industries. Between the ages of 18 and 29, 43% of Americans have traded or utilized cryptocurrency. Over 32% of small businesses in the United States claim to accept cryptocurrency payments. Digital currencies have gained so much popularity over the past decade that they have triggered a genuine gold rush of the twenty-first century.
But when it comes to understanding US crypto taxes and markets in detail, most of them are left scratching their heads. Regarding taxes on crypto, the IRS and state tax authorities require U.S. taxpayers to disclose crypto sales, conversions, payments, and income, and each of these activities has various tax ramifications. This webinar explains how is crypto taxed and how your activities may affect your crypto tax liability.
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