this post was submitted on 13 Nov 2024
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Bitcoin hits record high as Trump vows to end crypto crackdown (arstechnica.com)
submitted 3 weeks ago by RmDebArc_5@sh.itjust.works to c/technology@lemmy.world
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[–] M600@lemmy.world 0 points 2 weeks ago

One thing that stopped me from using it is that every single crypto transaction needs to be reported on your US tax return due to the way profits from the coins are taxed in situations where the value increases. It is annoying to have to compile all the data. If that changes, I will probably start using crypto again.