Similar Stories to Taxwatch: Cryptocurrency Investor Losses Are Being Turned Into Irs Gains — Here’s How They’re Doing It on Bing News

Bitcoin's value is off more than 60% year to date.

BING NEWS:
  • Losses due to crypto hacks fall 67%, Bitcoin DeFi interest rises: Finance Redefined
    While the DeFi sector is often associated with hacks and exploits, losses from hacks have declined by 67% in April to $60 million compared to March, which saw $187 million in funds stolen. Hundred ...
    05/3/2024 - 8:25 am | View Link
  • Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements
    In 2025, the IRS will begin increasing its oversight of cryptocurrency transactions by requiring brokers to report investor sales and exchanges tied to such transactions. Taxpayers not complying with ...
    05/1/2024 - 1:00 pm | View Link
  • Older Americans are losing thousands of dollars to cybercrime — and the biggest losses involved bitcoin
    At least 101,000 Americans aged 60 and over were victims of digital fraud last year, with the average person losing $33,915, according to a new report from the Federal Bureau of Investigation.
    05/1/2024 - 3:42 am | View Link
  • New IRS Crypto Tax Form: What Your Broker Will Report Next Year
    The IRS has introduced a draft of the 1099-DA tax form, a new document for reporting cryptocurrency transactions. Set to impact brokers and investors, this form will track gains and losses in digital ...
    04/21/2024 - 5:26 am | View Link
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