Tax Filing Complexity Grows as Crypto Exchange Sends Millions of Forms
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In a recent development, cryptocurrency exchange Kraken has disclosed that it has submitted 56 million crypto transaction forms to the US Internal Revenue Service (IRS) for the upcoming 2025 tax year. A substantial number of these filings pertain to small transactions, with around 18.5 million forms documenting trades valued under $1 and over half involving […]
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