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Crypto Taxes Are a Mess: Here's What the IRS Needs to Fix Before 2019

Thanks to an appalling lack of clarity, crypto taxes in the U.S. are needlessly difficult. The big cryptocurrency gains of 2017 exposed the inadequacies of the Internal Revenue Service's 2014 guidance. As it stands, the reporting rules are confusing and burdensome. While it's too late for Congress and the IRS to fix these problems before the April 17 deadline, they have plenty of time to straighten things out before the 2018 tax season. Here's what needs to be done... Tags: cryptocurrencies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Crypto Taxes Are a Mess: Here's What the IRS Needs to Fix Before 2019 appeared first on Money Morning - We Make Investing Profitable .
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