What are the tax implications for married couples who hold digital assets?

1 answers

• Nov 26, 2021 · 3 years ago
  As a married couple who holds digital assets, it's important to understand the tax implications that come with it. The IRS treats digital assets as property, so any gains or losses from buying, selling, or trading them may be subject to capital gains tax. When filing your taxes, you'll need to report your combined gains or losses as a married couple. If you receive digital assets as a gift or inheritance, you may also need to consider the fair market value of the assets at the time of receipt. It's recommended to consult with a tax professional who specializes in digital assets to ensure you're following all the necessary tax regulations.
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