Tag: IRS rules on crypto assets

IRS Rules on Crypto Assets: The Ultimate Compliance Framework Pain Points: When Crypto Taxation Goes Wrong In 2024, 34% of U.S. crypto investors faced IRS penalties due to misclassified capital gains versus ordinary income. A notable case involved a DeFi yield farmer who underreported $287,000 in staking rewards as non-taxable – triggering a 40% accuracy-related…