RATE Group | Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calcula…
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Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calcula…

10 Feb Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calcula…

Posted at 20:02h in Cryptocurrency News by

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Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators

For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also integrate with leading tax filing software such as Turbotax.

Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin

Calculating Tax on Cryptocurrency Transactions

As cryptocurrencies become more popular and their adoption rises, governments worldwide are ramping up their efforts to tax them. In the U.S., the Internal Revenue Service (IRS) has named cryptocurrency a top priority this year. Not only has the agency sent out over 10,000 letters to remind crypto owners they must pay taxes, but its main tax form used by over 150 million U.S. filers now includes a cryptocurrency question.

For crypto owners who want to calculate how much they owe…

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