Since 2020, US tax forms have included questions about cryptocurrency activities like Bitcoin. The current Form 1040 asks if you received, sold, or exchanged any digital assets during the tax year. If you answer “yes,” it’s crucial to understand how to report your transactions correctly to the IRS. Cryptocurrency is considered property, and you must ...
The Czech Republic is implementing a new law that will exempt Bitcoin and other digital assets from capital gains tax if they are held for more than three years. This legislation, signed by President Petr Pavel, is set to take effect in mid-2025 and aligns the country’s crypto regulations with the European Union’s Markets in ...
The recent surge in cryptocurrency prices has been boosted by President Trump’s support for digital assets and the promise of relaxed regulations in the US. Following Trump’s potential victory in the upcoming election, Bitcoin hit record levels, attracting millions of new investors eager to join the crypto movement. Even though prices temporarily dipped below $100,000 ...
As the end of January approaches, it’s essential for individuals in the UK to file their self-assessment tax returns and settle any owed taxes. While primarily aimed at the self-employed, many others, including those with rental income, dividends, or side hustles, may also need to submit a return. A key point to understand is the ...
As the January self-assessment tax return deadline approaches in the UK, it’s crucial to understand who needs to file. While primarily associated with the self-employed and those with multiple income sources, anyone with income from rentals, dividends, or side hustles may also need to submit a return. Notably, cryptocurrency trading profits, including earnings from Bitcoin, ...
The Czech Republic is set to exempt Bitcoin held for more than three years from capital gains tax starting in 2025. This new law was approved by the parliament and focuses on individuals, provided their total gross income from crypto asset sales does not exceed CZK 100,000 within a tax year. However, to qualify for ...
