Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on April 03, 2024, 02:30:42 PM

Title: Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax
Post by: sirty143 on April 03, 2024, 02:30:42 PM

Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert

Many cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns according to a cryptocurrency tax expert... See more for yourself here (https://news.bitcoin.com/fear-of-retrospective-irs-regulation-changes-discourages-filing-says-crypto-tax-expert/).

Your opinion is greatly appreciated.

Title: Re: Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax
Post by: Zed0X on April 03, 2024, 03:22:43 PM

The last time I checked, cryptocurrencies were already treated as property that are subject to capital gains tax and the rate also depends on the holding period. What actually changed in the policy that's causing fear among crypto traders/investors? The fear on retroactive application looks more like an excuse than a legitimate concern.