What to Know About Crypto This Tax Season After a Tough 2022

March 17, 2023, 8:45 AM UTC

Crypto had a tumultuous year in 2022. High volatility and a plunge in the value of major digital assets was followed by the downfall of several major cryptocurrency firms, including FTX, Celsius, BlockFi, and Voyager.

In the wake of those epic collapses, investors find themselves staring down the nose of a tax filing deadline where losses abound, funds are frozen in bankrupt firms, and the IRS is looking to regulate the crypto space more closely.

Amid the turmoil, tax practitioners say, the IRS has turned its focus to crypto investors and is seeking more information from ...

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