CoinLedger: most crypto investors in the USA pay taxes
25% of investors surveyed were unaware that digital currency is taxable
17.03.2022 - 14:10
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1 min
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What’s new? 55% of US crypto investors pay taxes on cryptocurrency, according to a report by the CoinLedger platform. A survey was conducted to identify the problems associated with digital currency taxes in the United States. The survey polled 1000 US crypto investors. 70% of them believe that politicians involved in the development of tax legislation are not knowledgeable about cryptocurrencies.
What are the survey results? It turned out that 25% of US crypto investors were unaware that digital currency is taxable. 20% of respondents did not figure out how to report digital assets on their tax returns. 50% of those surveyed found the US IRS’s recommendations on cryptocurrency unclear. Only 15% of respondents stated that they intentionally avoid paying taxes.
What is known about CoinLedger? It is a tax reporting platform aimed at users of cryptocurrencies, DeFi, NFTs, and Web3. It was previously known as CryptoTrader.Tax.
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