3/12/24: When Must You Check “Yes” to the IRS Crypto Question on Form 1040?

THE TRUTH ABOUT YOUR FUTURE with Ric Edelman

If you’re like 52 million other Americans, you own bitcoin – but you’re overlooking the tax implications. Today's podcast clarifies the tax responsibilities for digital asset owners. No 1099s for crypto? I'll reveal what you need to do – tune in now.

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Links from today's show:

Tax Record Keeping and Reporting Services - DACFP: https://dacfp.com/yp/tax-record-keeping-and-reporting-services-for-digital-assets/

IRS: Updates to question on digital assets; taxpayers should continue to report all digital asset income | Internal Revenue Service: https://www.irs.gov/newsroom/irs-updates-to-question-on-digital-assets-taxpayers-should-continue-to-report-all-digital-asset-income

Digital Assets | Internal Revenue Service (irs.gov): https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets

Spot Bitcoin ETFs Toolkit - DACFP: https://dacfp.com/toolkit/

DACFP Courses: https://dacfp.com/certification/online-courses/

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YouTube: https://www.youtube.com/@RicEdelman

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