by Steven J Weil, PhD, EA, LCAM | Aug 19, 2023 | Blog, Personal Tax
When you invest in crypto and other digital currencies don’t be surprised by the complications this adds at tax time. These transactions can take many forms and each form can result in a unique tax reporting challenge. Things as simple as trading or buying one kind of...
by Steven J Weil, PhD, EA, LCAM | Feb 22, 2023 | Blog, Personal Tax
All taxpayers filing forms 1040, 1040-SR, or 1040-NR must answer a question about digital assets; it is a yes or no question. Taxpayers need to click the “Yes” box if they: Received digital assets as payment for property or services provided; Transferred...
by Steven J Weil, PhD, EA, LCAM | Dec 2, 2021 | Blog
Public Law 117-58 the Infrastructure Investment and Jobs Act, could end up costing crypto investors by increasing required annual reporting from digital currency brokers starting in January 2023. A lot of crypto investors have no idea what’s coming and many still...
