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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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Jack Dorsey's company Block, long associated with a strong Bitcoin-first philosophy, has acknowledged the growing role of stablecoins in the payments landscape. The shift reflects a broader realignment across the crypto and fintech industry, as stablecoins become increasingly difficult to ignore for businesses operating in digital payments.
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US lawmakers are pushing to permanently ban the creation of a central bank digital currency, and the debate is drawing significant attention from across the crypto and financial world. Here is what is happening and why it matters.
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.