Sayan AdhikariDec 23, 2021 · 3 years ago4 answers Are there any tax implications when closing a tastyworks account and using the funds to invest in digital currencies?
What are the potential tax implications that one should consider when closing a tastyworks account and using the funds to invest in digital currencies? How does the tax treatment differ for short-term and long-term investments? Are there any specific reporting requirements or forms that need to be filed with the IRS? How can one minimize the tax burden when transitioning from a traditional investment account to digital currencies?