Tag: cryptocurrency taxes

Sep 13 2022

[Updated] BearTax Review: Bitcoin & Cryptocurrency Tax Software With Automated Calculations

So, you’re a seasoned cryptocurrency investor that has placed hundreds, if not thousands of trades over the past 12 months. While this is likely to be a logistical nightmare for your tax reporting endeavors - this doesn't matter, because cryptocurrency profits are not taxed, right? Wrong! On the contrary - while the specific tax treatment [...] The post BearTax Review: Bitcoin & Cryptocurrency...

Mar 11 2022

Singapore To Charge Income Tax On NFTs, Says Minister

Mar 11 2022 Published at Coingape under tags  asia china cryptocurrency taxes income tax news

Current income tax rules in Singapore will apply to transactions involving non-fungible tokens (NFTs), Finance Minister Lawrence Wong reportedly said on Friday. But their application will depend on the nature and use of the token. Specifically, individuals who depend on NFT transactions or trading as a source of income will be subject to deductions, The...

Jan 28 2022

CoinTracker Attracts $100 Million In Fundraising To Enlarge The Platform

Cryptocurrency portfolio tracking platform CoinTracker raises $100 million in funding. The firm recently made this news to the public on 27th January. Investments derived by tech-tycoons and institutional investors have put the firm's net worth to $1.3 billion. Crypto-oriented businesses have been gaining significant traction even in the bear market. This shows that investors are patient enough to wait for the bullish trend...

Dec 29 2021

BearTax Review: Bitcoin & Cryptocurrency Tax Software With Automated Calculations

So, you’re a seasoned cryptocurrency investor that has placed hundreds, if not thousands of trades over the past 12 months. While this is likely to be a logistical nightmare for your tax reporting endeavors - this doesn't matter, because cryptocurrency profits are not taxed, right? Wrong! On the contrary - while the specific tax treatment [...] The post BearTax Review: Bitcoin & Cryptocurrency...

Nov 24 2020

Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS

Nov 24 2020 Published at CoinDesk under tags  coinbase cryptocurrency taxes irs news

Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.

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