Tag Archives: tax

The crypto tax laws in the U.S. are exceedingly complicated. Nobody can deny this, and while there have been politicians and people in the past that have sought access to specific jobs in our government by saying they will make the laws easier to understand, it wasn’t enough to hit home with voters at the time or others tasked with making such decisions. The Crypto Tax Situation for 2022 Isn’t Pretty That being said, they’re likely feeling the heat right about now and...

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A tax law that was implemented in 2017 as a means of helping poor communities is allegedly being taken advantage of by crypto miners and investors. Crypto Investors Are Using a Tax Law to Their Advantage The law in question allowed certain individuals and companies to either delay or reduce their capital gains taxes when they sell a stock or crypto unit if they take the money they earned and invest it in what are known as opportunity zones, which are neighborhoods that...