Over 46 million Americans now own cryptocurrency. Yet compliance rates have historically lagged way behind adoption. That gap is closing fast, and 2026 is the year the IRS is making sure of it. I’ve been navigating this landscape since 2017. Let me tell you—it hasn’t gotten simpler. The rules around cryptocurrency tax reporting have tightened … Read more
Trading one cryptocurrency for another is a taxable event1. You must track gains and losses for each trade accurately. Bitcoin Depot ATMs across the U.S. make buying Bitcoin easy. But remember, this is also a taxable event1. The IRS sees cryptocurrencies as property, making tax compliance vital. Whether buying, selling, or mining, knowing IRS rules … Read more
Did you know only 1.62 percent of U.S. crypto owners reported their earnings to the IRS in 20221? This shows a big gap in following tax rules for cryptocurrency. It’s very important to know about cryptocurrency tax laws. If you’re making money by trading or selling crypto, you need to pay capital gains tax. This … Read more
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