How does common law marriage affect cryptocurrency taxes?

3 answers

• Keagan LatarewiczJan 10, 2023 · 3 years ago
  Yes, common law marriage can have an impact on how cryptocurrency taxes are calculated. In the eyes of the IRS, if you are considered married under common law, you are treated as married for tax purposes. This means that any cryptocurrency transactions you make as a married couple will be subject to the same tax rules and regulations as any other married couple. It's important to consult with a tax professional to ensure you are correctly reporting your cryptocurrency transactions and paying the appropriate taxes.
  519

  260
• ABerNov 20, 2021 · 4 years ago
  Absolutely! When it comes to cryptocurrency taxes, common law marriage can play a significant role. If you and your partner are in a common law marriage, the IRS considers you married for tax purposes. This means that you will need to file your taxes as a married couple and report any cryptocurrency transactions accordingly. It's crucial to keep accurate records of your transactions and consult with a tax advisor to ensure compliance with tax laws.
  452

  151
• Ravi SabbavarapuFeb 12, 2023 · 3 years ago
  Yes, common law marriage can affect cryptocurrency taxes. When you are in a common law marriage, the IRS treats you as married for tax purposes. This means that you will need to file your taxes jointly and report any cryptocurrency transactions as a married couple. It's important to understand the tax implications of your common law marriage and consult with a tax professional to ensure you are meeting your tax obligations.
  427

  107