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A taxpayer’s investment losses, including losses on digital assets such as cryptocurrencies and non-fungible tokens (NFTs), are not deductible unless the taxpayer’s activities rise to...
IRS taxpayers intent when acquiring crypto or digital assets impacts whether they are treated IRS as personal use assets or as investments other transactions during the tax year also matter losses from the sale of personal use assets are not deductible capital gain rate applies personal use
Jarrett Case Raises New Questions on How to Report Cryptocurrency “Staking” Rewards - While the IRS has not specifically addressed the taxation of staking rewards, they have indicated a...
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