Crypto Taxes: New Report Reveals Tax Pitfalls
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New report reveals crypto tax confusion: Only 49% of investors understand crypto taxes, with 24% believing transfers trigger tax hits. Users juggle multiple platforms, with 83% using self-custodial wallets, making tracking difficult. Just 35% have ever adjusted their cost basis. The new one-oh-nine-nine-D-A forms bring new challenges, with everyday transactions now taxable events. Experts see this as a step towards standardizing crypto with the financial world, boosting real adoption.
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