Crypto taxes are, yet again, making investors and tax advisors take notice as 2024 gets underway. With all of the headlines, both positive and negative, that have been swirling around the cryptoasset space it can be easy to overlook some of the tax changes that have already taken effect, as well as others that are coming shortly.
It is even more confusing given the positions that some groups have taken related to staking or other crypto activities, arguing that such activities should not be considered taxable; this has been debunked in court as well through interpretation of the IRS tax code by multiple tax professionals.
Put another way, crypto taxes are complicated, always have been, and the online discourse only makes it more difficult for investors and tax advisors to get accurate data. As a general rule, and especially for crypto tax issues, investors should research and verify any statements made in online forums, and consult with a tax professional familiar with both crypto and the unique situation of the taxpayer.
Crypto Tax Changes To Prepare For In 2024
- by: Sean Stein Smith
- 01-07-2024
- Source:
Forbes
- 01/08/2024
A group of gold cryptocurrency coins on top of black stones by Traxer is licensed under Unsplash unsplash.com
A group of gold cryptocurrency coins on top of black stones by Traxer is licensed under Unsplash unsplash.com
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