If you experience a wash sale, the capital loss disallowed by the IRS is included in the cost basis of the replacement stock.

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Lea Uradu, J.D., is a Maryland state registered tax preparer, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Lea Uradu, J.D., is a Maryland state ...

If your small business is a sole proprietorship, partnership, limited liability company or S-corporation, you and any co-owners pay the business's taxes through the income you report to the Internal ...

🪙 Coinvert – Effortlessly transform your crypto transaction CSVs into TurboTax-compatible formats using Python and Polars. Simplify your crypto tax reporting today!

If you’re a freelancer, business owner, or just have a small side hustle, you should know about the new tax requirement this year for electronic payments through Venmo, PayPal, online marketplaces and ...

Even though you can buy or sell cryptocurrency on an exchange, it is still unregulated, and it does not qualify as a security. This may lead some taxpayers to think that cryptocurrency can’t be taxed.

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 ...

Coinbase, a popular cryptocurrency exchange platform, has recently been the subject of controversy over the form 8949 report. The form 8949 report is a financial regulation that requires exchange ...

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 ...