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What you need to know about crypto taxes

CRYPTOnite

2022-03-10 (06:35:44)

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So, we've seen a lot of news about countries deciding to impose taxes on crypto one-by-one. You might probably even get overwhelmed since taxes will require you to compute, process documents and more. (I hate filling my regular taxes but I need to do so)

According to CoinTracking you will need to remember these 5 things:

More reporting for crypto brokers with the new 1099-B requirements

More crypto reporting for traders under Section 60501 of the US tax code

DAOs and DeFi 2.0 revenue increase need for crypto tax reporting

The search for crypto-tax-friendly locations to cash out profits

Metaverse and tokenization take center stage

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2022-03-10 (07:40:48)

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hacks

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