The correlation between bitcoin and Nasdaq, S&P 500 over the past 90 days has hit its lowest level since July 2021, as reported by Block Scholes, a renowned analytics firm specializing in crypto derivatives.
Consequently, the regulatory scrutiny of the SEC may be somewhat constrained in its scope.
On Sunday, a staggering amount of over 9.3 million tokens will become accessible, accounting for approximately 1.2% of AXAX's overall supply.
Any cryptocurrency capital gains, capital losses, or income events need to be reported on your tax return. You can report your capital gains and lo...Read more
The IRS can track transactions through 1099 forms issued by major exchanges. In addition, the IRS has worked with contractors like Chainalysis to a...Read more
You are required to report all of your taxable income from cryptocurrency on your tax return, regardless of the amount.Read more
Reporting capital losses comes with a tax benefit. Reporting capital losses can offset capital gains and up to $3,000 of personal income.Read more
Intentionally not reporting cryptocurrency on your taxes is considered tax evasion. The maximum penalty for tax evasion is a $100,000 fine and 5 ye...Read more
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