Richard chearNov 26, 2021 · 3 years ago3 answers Are there any tax benefits for including cryptocurrency investments in my MAGI before or after the standard deduction?
I'm wondering if there are any tax benefits to including my cryptocurrency investments in my Modified Adjusted Gross Income (MAGI) before or after taking the standard deduction. Can including these investments help reduce my taxable income and potentially lower my tax liability? I'd like to understand how cryptocurrency investments can impact my overall tax situation.