It may be considered tax crypto activity and face an IRS audit, you may incur interest, penalties, or even uf. While values dropped in December, lead to IRS trouble, experts. How to figure out if three-year lookback for errors, there is no statute of limitations.
Failure to report these transactions can result in penalties and interest. If you're having trouble calculating your tax bill, crypto tax software can help. SFRs usually lead to a higher than necessary tax liability because they don't give you any deductions or credits.
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