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 these events on Form 8949...Read more
Reporting capital losses comes with a tax benefit. Reporting capital losses can offset capital gains and up to $3000 of personal income.Read more
Not reporting cryptocurrency on your taxes is considered tax evasion. The maximum penalty for tax evasion is a $100,000 fine and 5 years imprisonment.Read more
The IRS categorized crypto as a property in 2014 which requires taxpayers to report all transactions that involve virtual currency in the form of U...Read more
Crypto is taxed according to your income tax bracket. This implies that if you hold the bitcoins for less than three years, the gains are called sh...Read more
There are three tax rates for long-term capital gains – 0%, 15%, and 20%. The tax you would pay depends on your income bracket.Read more
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