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3/12/24: When Must You Check “Yes” to the IRS Crypto Question on Form 1040?

3/12/24: When Must You Check “Yes” to the IRS Crypto Question on Form 1040?

FromTHE TRUTH ABOUT YOUR FUTURE with Ric Edelman


3/12/24: When Must You Check “Yes” to the IRS Crypto Question on Form 1040?

FromTHE TRUTH ABOUT YOUR FUTURE with Ric Edelman

ratings:
Length:
11 minutes
Released:
Mar 12, 2024
Format:
Podcast episode

Description

If you’re like 52 million other Americans, you own bitcoin – but you’re overlooking the tax implications. Today's podcast clarifies the tax responsibilities for digital asset owners. No 1099s for crypto? I'll reveal what you need to do – tune in now. 
Subscribe to podcast updates: https://form.jotform.com/223614751580152
Ask Ric: https://www.thetayf.com/pages/ask-ric
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Links from today's show:
Tax Record Keeping and Reporting Services - DACFP: https://dacfp.com/yp/tax-record-keeping-and-reporting-services-for-digital-assets/
IRS: Updates to question on digital assets; taxpayers should continue to report all digital asset income | Internal Revenue Service: https://www.irs.gov/newsroom/irs-updates-to-question-on-digital-assets-taxpayers-should-continue-to-report-all-digital-asset-income
Digital Assets | Internal Revenue Service (irs.gov): https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets
Spot Bitcoin ETFs Toolkit - DACFP: https://dacfp.com/toolkit/
DACFP Courses: https://dacfp.com/certification/online-courses/
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X: https://twitter.com/ricedelman
YouTube: https://www.youtube.com/@RicEdelman
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Brought to you by:
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Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee
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Released:
Mar 12, 2024
Format:
Podcast episode

Titles in the series (100)

Ric Edelman is the nation’s most acclaimed financial advisor, the #1 New York Times bestselling author of 10 books on personal finance with more than one million copies in print in seven languages, and founder of the nation’s largest financial planning firm, ranked #1 for quality by Consumer Reports. Every weekend, Ric gives you the information you need about the five personal finance topics that matter most today: longevity, retirement security, exponential technologies, digital assets, and health & wellness. Using his trademark humor and unique delivery, Ric makes complex topics easy to understand – as only he can! Ric was ranked three times as the nation’s #1 Independent Financial Advisor by Barron’s, and he’s in both Research Magazine’s and Barron’s Financial Advisor Halls of Fame. He’s also recipient of IARFC’s Lifetime Achievement Award. Investment Advisor, RIABiz and InvestmentNews all named him one of the most influential people in the investment management profession – and he’s been named six times by TALKERS as one of the HEAVY HUNDRED – the 100 most important radio talk show hosts in the country! Tune in to Ric’s show every weekend for the knowledge you need to achieve financial success! For more information, visit www.thetayf.com