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The Truth About Crypto IRS Reporting For $10,000+
🎞️ · 08.01.2024 · 02:00:02 ··· Montag ⭐ 0 🎬 0
📺 Nikki Dunn, CFP®
🎬 · 08.01.2024 · 02:00:02 ··· Montag
😎 · 03.07.2024 · 15:40:29 ··· MiTTwoch
Hysterics broke out on Twitter when accounts started posting that every crypto transaction over $10,000 would have to be reported to the IRS.
A new portion of Biden's Infrastructure bill that was passed in 2021 goes into effect in 2024. But... it's not what people seem to think it is!
Crypto traders are now wondering if this applies to them. I break down the TRUTH behind the new crypto reporting law, who it applies to, who it doesn't apply to, and more.
If you learn something- don't hesitate to hit the like button and subscribe to my channel!
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00:00 Intro
00:58 Twitter Crypto Hysteria
01:47 Diving Into The New Law
02:39 Cash In A Trade Or Business
04:31 CPA Confirmation
05:11 Crypto Traders & New IRS Reporting
06:22 Conclusion
Are you an investor looking to take your analysis skills to the next level?
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Disclaimers:
- This information is for educational purposes only and is not personalized in nature. Nothing I say is meant to be a recommendation to buy or sell any financial instrument. Do your own due diligence, and take 100% responsibility for your financial decisions or consult a financial professional to help you.
- I will NEVER ask you to send me money to trade or invest for you.
- There are no guarantees or certainties in investing.
- My videos may contain affiliate partner links to products I believe will add value to your life.
· 08.01.2024 · 02:00:02 ··· Montag
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