Exchanges reporting crypto gains to IRS becomes tax nightmare
The IRS can now see your crypto gains, but has no idea about the cost-basis. That’s proving to be a big headache for some cryptocurrency investors.
Archive context
Fresh in the current trading session.
The IRS can now see your crypto gains, but has no idea about the cost-basis. That’s proving to be a big headache for some cryptocurrency investors.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Microsoft Copilot AI Predicts Bitcoin Will Do Something Incredible in Q4 2026
Microsoft Copilot AI predicts a wild move for BTC in Q4 2026, calling it one of the strongest asymmetric risk-reward positions ava...
Institutions Held Their Bitcoin Through Crash — and Some Bought More: Report
Bitcoin Magazine Institutions Held Their Bitcoin Through Crash — and Some Bought More: Report When crypto prices were cut in half...
[[alloc] init] Releases Shielded Bitcoin Proposal For Private Bitcoin Transactions
Bitcoin Magazine [[alloc] init] Releases Shielded Bitcoin Proposal For Private Bitcoin Transactions Shielded Bitcoin is a proposal...
CFTC staff presses exchanges on political speech prediction market bets, asks how to prevent manipulation
A clear video can settle whether a public figure said a particular word. It cannot show who knew the script beforehand or whether...
Spend more than your cash balance: introducing Kraken Borrow for US customers
TL;DR Kraken Borrow US is now available in 48 states, giving eligible US customers the ability to buy more crypto than their avail...
Ethereum Slips to £2,017 Against Sterling as Pound-Denominated Traders Track Mild Drawdown
Ethereum trades at £2,017.54 against the pound, down 1.02% in 24 hours, as UK traders track the live ETH/GBP rate near the £2,000...