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1:20
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Teaching Tax Flow
IRS Digital Asset Reporting Rules (Crypto + NFTs Explained)
Digital assets like cryptocurrency and NFTs are considered property by the IRS, not currency. That means: - Sell, trade, or spend = capital gain or loss reported on Schedule D + Form 8949 - Paid in crypto (business or rent) = taxable income reported on your personal or business return Track your cost basis and holding period carefully to avoid ...
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