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!

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The Crypto Tax Trap

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.

Decoding Your Crypto Tax Rate

The $250 Rule That Could Save You

Charitable donations under $250 don't need receipts. Crypto tip: Always get documentation for crypto donations, regardless of amount, to ensure deductibility.

Mining Profits? Here's What You Need to Know

Mining crypto? It's taxed as self-employment income. Quick tip: Keep detailed records of your mining expenses - they're deductible on Schedule C!

The Form 8949 Secret Weapon

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.

Don't navigate the crypto tax maze alone! Contact Akron Income Tax Co. today for expert guidance.

2215 E. Waterloo Rd. Suite 113 Akron, Ohio 44312 (330)733-1040