bitcoin news: Connecticut: Crypto Tax Done Right!
- 12/12/19 10:42 AM
First, if you own cryptocurrency, the most practical tip I can give you is that you should harvest your losses before December 31. This will reduce your tax and boost your refund. Don’t expect your tax preparer to cook up some magic in 2020 if you ignore this tip.
Now, let’s briefly review the year’s most important crypto updates.
Crypto question on your 2019 Form 1040 We will all have to declare if we “received, sold, sent, exchanged, or acquired virtual currency by any other means” on Schedule 1 of Form 1040. This question will make it harder for audited crypto non-filers to shake off a charge of willful tax … (2 comments)
bitcoin news: Washington, DC/DMV: Crypto Tax Done Right!
- 12/12/19 10:06 AM
First, if you own cryptocurrency, the most practical tip I can give you is that you should harvest your losses before December 31. This will reduce your tax and boost your refund. Don’t expect your tax preparer to cook up some magic in 2020 if you ignore this tip.
Now, let’s briefly review the year’s most important crypto updates.
Crypto question on your 2019 Form 1040 We will all have to declare if we “received, sold, sent, exchanged, or acquired virtual currency by any other means” on Schedule 1 of Form 1040. This question will make it harder for audited crypto non-filers to … (0 comments)
First, if you own cryptocurrency, the most practical tip I can give you is that you should harvest your losses before December 31. This will reduce your tax and boost your refund. Don’t expect your tax preparer to cook up some magic in 2020 if you ignore this tip.
;)
;)
;)
