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Without accurate cost basis information, your crypto tax calculations will be incorrect, which could cost you thousands in overpayment.
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The Ethereum Foundation is setting its sights on a new frontier: positioning Ethereum as the foundational trust layer for artificial intelligence. Davide Crapis, AI lead at the Ethereum Foundation, has outlined a vision where Ethereum serves as the backbone for verifying, coordinating, and anchoring AI-driven systems and interactions.
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Revolut, the globally recognized fintech company celebrated for its seamless cryptocurrency features, has officially filed for a U.S. banking license. The move marks a significant milestone in the company's expansion into the American financial market, with real implications for the millions of crypto users who rely on the platform.
A step-by-step guide to transferring your crypto Form 1099-DA data to IRS Form 8949, including how to handle missing cost basis, choose the right checkboxes, and avoid common mistakes.
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Swapping one crypto for another is a taxable event, and you will need to work out the USD value of your capital gain or loss to report on your taxes.