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bitcoin - 2 Tyrone Ross - 2 Ross - 2 Andrew Gordon - 1 they're - 1 Gordon - 1 Bitcoin - 1 WisdomTree - 1
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bitcoin New York City
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Turnqey Labs - 2 Gordon Law Group - 1 CNBC's - 1 Fidelity - 1

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2 mentions found


☆ Bitcoin bonanza: Your tax reporting could get complicated in 2025
  + stars: | 2024-12-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
Crypto investors rejoicing over the latest rally are about to run into some tax reporting hurdles in the new year. That's because crypto brokers will need to report investors' proceeds from 2025 sales digital assets under a new tax form known as Form 1099-DA. There are also changes coming to cost basis calculations – which is key for investors as cost basis represents their original investment in the asset. At the same time, higher basis crypto assets that are used for trading might be held in a different wallet, Gordon said. The global allocation method tends to be simpler to implement.
Persons: Andrew Gordon, bitcoin, they're, Gordon, Tyrone Ross, Ross Organizations: Gordon Law Group, Turnqey Labs
☆ Bitcoin hit $100,000. Here's what's next if you're holding the crypto in your portfolio
  + stars: | 2024-12-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
Bitcoin finally reached $100,000 and investors holding the cryptocurrency in their portfolios have a few moves they'll need to make before they celebrate. The flagship crypto crossed the $100,000 threshold for the first time late Wednesday, a fresh milestone in its 2024 hot streak. Portfolio enhancing properties Individual investors don't have to go whole hog into bitcoin for it to make a difference in their portfolio's performance. "The risk and return profile is improved if an investor makes even a tiny allocation to bitcoin," she said. Indeed, while bitcoin investors may cheer their gains, they must consider how they might feel if this concentrated position took a sharp decline.
Persons: Bitcoin, bitcoin, Tyrone Ross, WisdomTree, Sharpe, Dovile Silenskyte, Douglas Boneparth, Boneparth, –, Ross, —, Michelle Fox Organizations: Turnqey Labs, CNBC's, Fidelity Locations: bitcoin, New York City
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