TLDR
IRS has provided updated guidance on how to file cryptocurrency taxes. The department has been busy the past year in upgrading its guidance and jargon. The IRS has been working well on defining various cryptocurrency-related terminology and also help citizens understand the tax liabilities and activities that lead to taxable events. No income needs to be reported in case you don’t receive a new coin after a hard fork. It is important to figure out your transfers within your own accounts on various exchanges and on-chain vs off-chain transactions.via the TL;DR App
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Written by vamshi | Co-founder and CPO, Fyn. Follow me for learning about building SaaS products, investing in startups, and though
