@alexiarobert
US IRS rules treat crypto as property, taxing sales, trades, and income as capital gains (up to 37% short-term) or ordinary income, with mandatory reporting on Form 8949/Schedule D. This complexity deters frequent trading, encourages HODLing to defer taxes, boosts record-keeping via tools, and prompts tax-loss harvesting. Enhanced 2025 broker reporting (Form 1099-DA) increases compliance but raises evasion fears, curbing impulsive investments.
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