How can I report my cryptocurrency earnings for tax purposes in NYC?

1 answers

• May 05, 2022 · 3 years ago
  At BYDFi, we understand the importance of reporting cryptocurrency earnings for tax purposes. As a resident of NYC, you will need to report your cryptocurrency earnings on your federal tax return using Form 8949 and Schedule D. It's important to keep track of your transactions and calculate your gains or losses accurately. If you're unsure about how to report your earnings, we recommend consulting with a tax professional who can provide guidance based on your specific situation. Remember, reporting your cryptocurrency earnings accurately is not only a legal requirement but also helps to maintain transparency and integrity in the crypto industry.
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