There are lots of important numbers you need to keep in mind but will hardly remember. In some cases, those numbers are annual limits that change each year. Other times, the figures do not often change, but are used frequently
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The bottom line? We are not questioning the validity of cryptocurrencies as a form of short or long-term investment, only informing you that regardless of the intended use you need to understand how to comply with and pay the IRS if you own or use cryptocurrency until the tax code changes.
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Avoid large refunds or unexpected tax bills at tax time by bringing your estimated taxes in line with what you will actually owe
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