Is your firm ready for accurate Form 8949 cryptocurrency reporting for your 1040 clients?
One of the defining market trends of 2020-21 was the mainstream surge in cryptocurrency. In the first half of 2021 alone, the total number of cryptocurrency users shot up from 106 million to 221 million, according to a July 2021 research report released by Crypto.com. 1040 clients who need cryptocurrency reporting will increase drastically in the coming tax seasons.
In this whitepaper, we'll be looking at:
Prepare for the flood of 1040 clients with cryptocurrency reporting needs!