Crypto

Crypto Losses Are Currently Exempt from the Wash Sale Rule

October 26th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Crypto, cryptocurrency, Dallas CPA, Services, Tax, Tax Advisor, The Burns Firm, Wash Sale Rule|Tags: , , , , , , |

The IRS classifies cryptocurrencies as property rather than securities. So, the wash sale rule doesn't apply if you sell a cryptocurrency holding for a loss and acquire the same [...]

Crypto: What Taxpayers Need to Know

September 12th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Crypto, cryptocurrency, Dallas CPA, Services, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: , , , , , , |

Cryptocurrencies have gone mainstream. You can now invest in them and use them to buy and sell many products and services. However, crypto transactions have important federal tax implications that [...]

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