Crypto Currency

IRS REVENUE RULING 2019-24

Many of you have been asking me what I think of this, so let’s review the latest IRS Letter Ruling, 2019-24: https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions Although I haven’t been able to locate this in the Federal Register, maybe someone else is better at searching it than me. The following has always been my premise on the matter and […]

Crypto Currency Your Money

DID YOU GET A 1099-K FROM YOUR CRYPTO-EXCHANGE?

Listen to my latest conference call on this subject: December 20th 2018 Receiving a 1099-K and How to Avoid the Taxes https://fccdl.in/w4Uh0GXJTr Did you know that transactions between crypto-currencies are not re-portable by the exchanges in which they are held.  The 1099-K is deliberately erroneous so that people will mistakenly include the information on their […]