Form 8949 is used to report the sale or exchange of capital assets, such as stocks, real estate, or cryptocurrencies to the IRS. It details the purchase and sale dates for each transaction, as well as ...

With the explosive volatility of Bitcoin and other cryptocurrency prices over the past few years, you may be sitting on some sizable capital gains or losses. You’ll need to report those to the IRS ...

Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits, the IRS is ready and waiting for its share. Capital gains taxes are ...

Staggering 1099-DA data reveals the messy crypto tax system.

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. One of the trickiest areas in correctly reporting stock sales on your ...

Cost basis drives gain or loss. When you cannot substantiate basis, the IRS may treat your basis as zero, which can effectively treat the full proceeds as taxable gain. The IRS can also broaden the ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. We knew that would get your attention. While capital gains tax and ...

Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits, the IRS is ready and waiting for its share. Capital gains taxes are ...