DongdaemunTrendsetterStyle
Fri Mar 29 2024
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7 answers
1775
Can you write off worthless crypto?
I've invested in a number of cryptocurrencies, but unfortunately, the value of some of them has dropped significantly. Can I write off these worthless cryptocurrencies as a loss on my taxes? I understand that there are specific rules and regulations regarding this matter, but I'm not entirely sure how they apply in my situation. Could you please provide some clarification?
JamesBrown
Fri Mar 29 2024
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6 answers
1122
Do I have to report if I bought cryptocurrency?
Hello, I am a bit confused about the reporting requirements for cryptocurrency transactions. Could you please clarify for me if I need to report whenever I purchase cryptocurrency? If so, are there specific details or thresholds I should be aware of? Additionally, what are the potential consequences of not reporting these transactions? I appreciate your assistance in helping me understand the reporting obligations related to cryptocurrency purchases.
TaegeukWarrior
Fri Mar 29 2024
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6 answers
955
Does Coinbase report to IRS?
Good day, I am a taxpayer and I am quite curious about one matter. I understand that Coinbase is a leading platform for cryptocurrency transactions, and given the recent surge in popularity of these digital assets, I am wondering if Coinbase reports its transactions to the Internal Revenue Service (IRS). If so, what kind of information do they disclose, and how does this process work? I am asking out of pure curiosity and to ensure my own compliance with tax regulations. Thank you for your time and assistance.
Silvia
Fri Mar 29 2024
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5 answers
1106
What happened to Binance Australia?
I'm sorry to hear about the recent news regarding Binance Australia. Could you please elaborate on what exactly happened? Was it a regulatory issue, or was it something else? I understand that Binance is a globally renowned cryptocurrency exchange, so this must have come as a surprise to many. What are the implications of this for Binance's global operations, and what measures are they taking to address the situation? I'm also curious about how this might affect Australian crypto investors and the crypto industry in general. Could you provide some insight into that as well?
lucas_lewis_inventor
Fri Mar 29 2024
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6 answers
1521
Can my money be stolen from Binance?
I've heard a lot about the security breaches at cryptocurrency exchanges recently, and it's making me really nervous about my investments. I use Binance to trade and store my crypto, so I'm wondering, can my money really be stolen from Binance? I've seen some people saying that it's not safe to leave your crypto on an exchange, but I'm not sure if that's true or not. Can you explain the risks and how to protect my assets on Binance? I'd really appreciate any advice you can give me.
