Apple IdDec 18, 2021 · 3 years ago5 answers What are the potential tax consequences of using foreign exchange rates for cryptocurrencies in 2024 as determined by the IRS?
What are the potential tax consequences of using foreign exchange rates for cryptocurrencies in 2024 as determined by the IRS? How does the IRS view the use of foreign exchange rates for cryptocurrency transactions? What are the reporting requirements for cryptocurrency transactions involving foreign exchange rates? How can the use of foreign exchange rates affect the tax liability of cryptocurrency holders?