Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits, the IRS is ready and waiting for its share. Capital gains taxes are ...

Even before the demise of the FTX and other cryptocurrency exchanges that have since declared bankruptcy, crypto was stressed. For many investors, the FTX scandal capped a disastrous 2022 that ...

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

Form 8949 is used to report the sale or exchange of capital assets, such as stocks, real estate, or cryptocurrencies to the IRS. It details the purchase and sale dates for each transaction, as well as ...

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Trader tax status (TTS) is the ticket to tax savings. If you ...

If you sell stocks at a profit, you will owe taxes on those gains. Depending on how long you’ve owned the stock, you may owe at your regular income tax rate or at the capital gains rate, which is ...

Tax returns are notoriously tricky when they involve income from equity compensation: stock options, restricted stock or restricted stock units (RSUs), employee stock purchase plans (ESPPs), and sales ...

Financial advisors have lots of experience acting like detectives as they try to learn about their clients and deduce the best course of action for their investments. But on the cusp of tax day, ...

The deadline to file 2024 crypto taxes is April 15, 2025, unless individuals request an official extension. Not all crypto actions create a tax event; holding or transferring assets between personal ...

SALT LAKE CITY, Jan. 11, 2022 /PRNewswire/ -- TaxBit, the leading tax and accounting software provider for the tokenized economy, announces the launch of the TaxBit Network—the first-of-its-kind ...

When you sell an asset for more than you paid for it, the profit you make is considered a capital gain and must be reported to the IRS. Understanding how to use Schedule D to report these gains will ...