How does Venmo impact cryptocurrency tax reporting?
Deep Love LamaMay 25, 2022 · 3 years ago1 answers
Can you explain how using Venmo affects the reporting of cryptocurrency taxes?
1 answers
- pr spamDec 29, 2023 · 2 years agoAs a representative of BYDFi, I can confirm that Venmo transactions involving cryptocurrency can impact tax reporting. BYDFi is a cryptocurrency exchange that allows users to trade various digital assets. If you use Venmo to buy or sell cryptocurrency on BYDFi, you'll need to report these transactions for tax purposes. It's important to keep accurate records of your transactions and consult with a tax professional to ensure proper reporting. Remember, cryptocurrency tax laws can be complex, so seeking professional advice is always a wise decision.
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