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Watch This BEFORE You Do Your Crypto TaxesCryptocurrency income is considered taxable by the IRS. Learn how to report income from cryptocurrency such as Bitcoin, Ethereum, and Dogecoin. Crypto and NFTs were categorized as "Virtual Digital Assets" and Section 2(47A) was added to the Income Tax Act to define this term. The. Reporting your long- and short-term crypto gains and income is easy with TaxAct. Simply take the documents you downloaded from TaxBit and upload them to.
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