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With the astonishing rise in the value of Bitcoin, Ethereum, and other digital assets crypto investors and enthusiasts may have serious tax questions on their minds.
The Internal Revenue Service (IRS) is also stepping up enforcement efforts to ensure stricter compliance.
So if you hold crypto assets (including NFTs) or have traded them or are planning to buy, sell or trade them … … what do you need to consider to make sure you don’t run afoul with the law?
Watch Forbes crypto expert Steven Ehrlich and an all-star panel of specialists discuss:If you need to declare crypto holdings on your tax form How the Infrastructure Bill’s controversial crypto tax provision impacts you What constitutes a taxable event How you can get a record of your crypto purchases, withdrawals and sales What special considerations there are for family offices, hedge funds and institutions Follow me on Twitter or LinkedIn. Check out my website. Send me a secure tip.