Are there any specific guidelines for reporting cryptocurrency holdings on taxes for newly married couples in 2022?

1 answers

• Mar 16, 2022 · 3 years ago
  At BYDFi, we understand the importance of reporting cryptocurrency holdings on taxes for newly married couples. In 2022, it's crucial to follow the specific guidelines set by the IRS. If you and your spouse file your taxes jointly, you'll need to report your combined cryptocurrency holdings. This includes any gains or losses from buying, selling, or trading cryptocurrency. It's recommended to keep detailed records of your transactions and consult with a tax professional to ensure accurate reporting. Remember, failing to report your cryptocurrency holdings can result in penalties and legal consequences. Stay informed and compliant to avoid any issues with your taxes.
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