Topic
tax reporting
2 stories related to this topic, newest first.
usethebitcoin.comfinance27 days ago
Clarity Act Requires Crypto Tax Changes for Wider Use
The Clarity Act sets new regulatory definitions for digital assets. Author Robin Singh states that current tax reporting rules still create compliance problems for users and firms.
Substrate placeholder — needs reviewbusiness76 days ago
US Taxpayers Face Uncertainty in Reporting Prediction Market Winnings to IRS
Prediction markets such as Kalshi and Polymarket saw increased use in 2023, leading to questions about tax reporting for gains. The IRS has not issued specific guidelines, leaving users to apply rules from gambling, derivatives, or income categories. Platforms report varying leve…