Virtual Assets: What Exactly Needs To Be Reported To The IRS?
By Robert Farrington - Featuring Asher Rubinstein, Partner Gallet Dreyer & Berkey, LLP
Investors in digital assets like cryptocurrency and non-fungible tokens (NFTs) have been on a wild ride these last few years. After all, the price of a single bitcoin BTC 0.0% hit an all-time high of over $65,000 in November of 2021 before sinking to around $20,000 in June of 2022 and staying in that range ever since. In the meantime, the value of many popular non-fungible tokens (NFTs) has dropped like a rock or been erased completely.
With that in mind, plenty of crypto investors won't have to worry about paying taxes on gains this year. With prices cratering and many investors hodling on to see better days, many won't have any realized gains to claim...
Asher Rubinstein
Asher Rubinstein's practice focuses on domestic and international asset protection, wealth preservation, estate planning, tax planning, tax controversy, offshore tax compliance, and related litigation. Mr. Rubinstein is a recognized expert on offshore entities, foreign banking, and IRS compliance issues. Mr. Rubinstein also represents and advises wine, spirits, food, and restaurant clients.