Articles for tag: capital gains tax, Cryptocurrency, cryptocurrency reporting, IRS Tax Forms, tax preparation, tax professional, Tax Software

March 25, 2025

Essential Guide to Cryptocurrency and Taxes: What You Must Know Before Filing Your Taxes This Year

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 ...

January 23, 2025

Market News

Crypto

Understanding Cryptocurrency Profits: Do You Need to Declare Bitcoin on Your Self Assessment Tax Return?

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 ...