Hosted on MSN11mon
Need to report cryptocurrency on your taxes? Here’s how to use Form 8949 to do it
You’ll need to report those to the IRS when you file your taxes each year, and Form 8949 is the place to start. You’ll have to pay capital gains taxes on any profits, though you can receive a ...
The Tax Adviser13d
New IRS form for partners receiving property distributions
Form 7217, Partner’s Report of Property Distributed by a Partnership, debuted for 2024, intended to apprise the IRS of factors in a partner’s basis computation.