Guidance

Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance

Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...
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Bitcoin (BTC) $ 102,253.40 2.62%
Ethereum (ETH) $ 2,439.41 7.07%
Tether (USDT) $ 1.00 0.01%
XRP (XRP) $ 2.11 4.17%
BNB (BNB) $ 638.96 4.04%
Solana (SOL) $ 146.33 4.77%
USDC (USDC) $ 1.00 0.00%
TRON (TRX) $ 0.276265 1.33%
Dogecoin (DOGE) $ 0.173464 8.71%
Cardano (ADA) $ 0.632577 6.10%