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Few Americans reporting cryptocurrency trading to IRS for now: report Jagjit Chawla, general manager for Credit Karma Tax said the company was not too surprised that few people had reported cryptocurrency gains as Americans with more complex tax situations tend to file closer to the deadline. "However, given the popularity of bitcoin and cryptocurrencies in 2017, we'd ...
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Europol Claims $5.5 Billion Laundered Using Cryptocurrency Hypothetically, the process of laundering money via Bitcoin would involve purchasing the cryptocurrency, breaking into its smallest values – called Satoshis – and distributing it to various addresses. Some reports claim this process "[erases] any trail that the criminal money might [ordinarily] leave behind ...
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US and UK government websites hijacked to mine cryptocurrency on visitors' machines The latest major flare-up in covert cryptocurrency mining, a practice also known as cryptojacking, generated headlines after security researcher Scott Helme sounded the alarm on the hack on Sunday. He was alerted to the issue by another security professional, Ian Thornton-Trump, who had received a ...
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South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges The State of New York allows exchanges to trade cryptocurrencies only when they have obtained a charter or a license, known as Bitlicense, from the New York State Department of Financial Services (NYSDFS). Its restrictive ...
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WEB | ||||||
Where/how do I add in cryptocurrency gains under $3000? Yes. You need to report on Schedule D as capital gains. Here is where to enter in TurboTax: Income and Expenses Scroll to Investment Inc...
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