7min chapter

The Bad Crypto Podcast cover image

EP 756 - Urgent Crypto Tax Updates with Clinton Donnelly

The Bad Crypto Podcast

CHAPTER

Crypto Tax Management and Audit Preparedness

This chapter emphasizes the importance of an allocation plan for tracking unsold cryptocurrencies and maintaining proper documentation for tax purposes. It also discusses the IRS's increasing focus on auditing higher-income crypto traders and introduces services that can help protect against audits.

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