The cryptocurrency market is heating up again, with Bitcoin prices skyrocketing! But don’t forget: as your wallet grows, so does the IRS’s interest.
Here’s What You Need to Know:
Cryptocurrency is treated as property by the IRS, which means capital gains taxes apply.
ALL crypto transactions (yes, even trades or exchanges) must now be reported on your tax return.
New reporting requirements take effect in 2025, so the IRS will have an even clearer view of crypto activity.
Don’t Get Caught Off Guard!
Whether you’re buying, trading, or holding, it’s crucial to stay compliant. Reach out to us for expert tax advice tailored to crypto enthusiasts like you!
Schedule your consultation today and keep your gains while staying stress-free this tax season.