The IRS is cracking down on unreported transactions. Quick tip: Every trade, even crypto-to-crypto, is a taxable event. Don't let ignorance cost you!
Your crypto tax rate could be anywhere from 0% to 37%! Quick tip: Hold your crypto for over a year to potentially qualify for lower long-term capital gains rates.
Charitable donations under $250 don't need receipts. Crypto tip: Always get documentation for crypto donations, regardless of amount, to ensure deductibility.
Mining crypto? It's taxed as self-employment income. Quick tip: Keep detailed records of your mining expenses - they're deductible on Schedule C!
Master Form 8949 to report your crypto transactions accurately. Quick tip: Use crypto tax software to automatically generate this form and save hours of manual work.
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