Thomas Kane CEO
The Internal Revenue Service announced yesterday that the 2022 filing season will open January 24, and tax returns for individual U.S. taxpayers are due on April 18. Tax season is especially cumbersome for those who buy, sell, trade or invest in digital assets such as cryptocurrency and Non-Fungible Tokens, or NFTs. Unlike your average brokerage account at Edward Jones, until now, most cryptocurrency exchanges haven’t provide a 1099 or other information reporting form that accurately reports gains and losses from transactions entered into in a given year. Calculating basis, gains, and losses was incredibly cumbersome and expensive for investors in digital assets.
https://www.forbes.com/sites/i....rswatch/2022/01/11/t
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