The very first question the IRS makes on your federal personal tax return is if you had a cryptocurrency taxable transaction. You will need to answer yes, or no to this question. In this video we discuss when to answer yes to the cryptocurrency question on your tax return, and when to answer no to this crypto tax question.
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RECOMMENDED CRYPTO TAX SOFTWARE AFFILIATE LINKS:
KOINLY – https://koinly.io/?via=E4FBF80B
ZENLEDGER – https://zenledger.io?offer_id=16&aff_id=1242
CRYPTOTRADER.TAX – http://cryptotrader.tax?fpr=cgxkv
DISCLAIMER
This video is intended for education purposes and should not be taken as legal, financial or tax advice. You should consult with a professional about your unique situation before acting on anything discussed in these videos. Freedomtax Accounting and Multiservices Inc., Freedom Insurance Financial Inc., Freedom Realty Source Inc., and Freedom Immigration International Inc. are providing educational content to help small business owners and individuals become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. Freedomtax Accounting and Multiservices Inc., Freedom Insurance Financial Inc., Freedom Realty Source Inc., and Freedom Immigration International Inc. or its members cannot be held liable for any use or misuse of this content.
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