Make sense of the new rules for digital asset reporting, including transition relief for 2025 and safe harbors going forward.

Cost basis drives gain or loss. When you cannot substantiate basis, the IRS may treat your basis as zero, which can effectively treat the full proceeds as taxable gain. The IRS can also broaden the ...

A recent poll of 1,000 American investors in digital assets found that over half are scared they'll face an IRS tax penalty this year as new transparency rules governing crypto exchanges take effect.

Certain payments constituting income require the payor to prepare, furnish, and file certain information statements and returns, both to the payee and to IRS, even when the payor is not the taxpayer ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

We may earn commission from links on this page, but we only recommend products we love. Promise. Listen, I’ll be the first person to tell you that homemade face masks can be a little questionable.

Minecraft remains one of the best games of all time over a decade on from its release, but spending such a long time in one game could lead to you running out of ideas. We've been there: you've ...

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial ...

Many DIY tax software programs offer free tax filing for basic tax situations. But if your income is complex, most will prompt you to upgrade to a paid version. Dawn Allcot is a full-time freelance ...

Cryptocurrency has emerged as a favored investment choice in recent years due to the significant returns it can produce. Yet, these substantial returns often come with corresponding responsibilities, ...