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IRS clarifies how to file Crypto Taxes on yhe 2020 tax forms – Finally it’s clear

IRS clarifies how to file Crypto Taxes on yhe 2020 tax forms – Finally it’s clear



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  1. I have never cashed out crypto. At this point Ive traded and staked on 6-10 international exchanges – some of which no longer exist. I’ve “made” 100x profits by converting to tether, only to lose much of it back on bear market drops when buying dips or from margin trading and getting liquidated. I could not begin to make sense of my tax situation. I’m sure I am completely screwed from a tax perspective. What sucks is despite my screw ups I’m approaching breaking even in fiat terms. I still don’t plan on cashing out to fiat, but I also don’t have the cash available to pay a ridiculous tax bill.

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