Which exchange rate is used for tax deduction in foreign currency?
I am wondering about the exchange rate that is applied for tax deduction purposes when dealing with foreign currency transactions. Which rate should be used for accurate deductions?
How much crypto loss can I write off?
I'm wondering about the amount of cryptocurrency losses that I can claim as a write-off. I want to know the limit or the specific rules regarding this matter.
Can you write off management fees?
I am a business owner and I am wondering if I can write off management fees as a business expense. I want to know if this is allowed and how it can benefit my business.
Can I write off gas fees?
I'm wondering if it's possible to write off gas fees. I'm trying to understand if there's a way to deduct these expenses for tax purposes or any other legitimate reasons.
Do you get a tax deduction if you sell a bitcoin ETF?
I'm curious about the tax implications of selling a Bitcoin ETF. Is it possible to receive a tax deduction from such a transaction? How does the IRS view Bitcoin ETFs, and are there any specific rules or regulations that govern the taxation of these investments? It would be great if you could provide some clarity on this matter.