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by jefftk
1187 days ago
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The IRS gives lots of detailed guidance [1] on how to file your taxes, including specifically for cryptocurrency [2]. The SEC has given very little guidance here, mostly just repeating their normal non-cryptocurrency guidance in a way that wouldn't be informative to a securities lawyer [3], and especially hasn't addressed the way their current rules are incompatible with crypto. That Etherium, for example, has existed for a decade and become as big as it is without the SEC deciding whether it's a security makes it very hard for anyone to plan. (I don't own any crypto and haven't ever; generally anti-crypto.) [1] https://www.irs.gov/publications [2] https://www.irs.gov/businesses/small-businesses-self-employe... [3] https://www.sec.gov/files/dlt-framework.pdf |
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