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With the staggering rise in some cryptocurrencies such as Bitcoin and Ethereum, crypto traders and enthusiasts may have serious tax questions on their minds. ....
With the explosive rise and fall of Bitcoin and other cryptocurrency prices over the last year, you may be sitting on some sizable capital gains or losses. You’ll need to report those to the Internal Revenue Service (IRS) when you file your taxes each year, and Form 8949 is the place to start. ....
The dreaded Internal Revenue Service (IRS) audit: Any number of things could land you in the hot seat with the IRS. But beyond these ordinary items, those taxpayers with investments also need to look out for investing-specific causes for an audit. ....