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IRS Extends Deadline for Crypto Investors to Avoid Costly Tax Trap

Original: The IRS Just Gave Crypto Investors Another Year to Dodge a Costly Tax Trap

The IRS has given cryptocurrency investors an additional year to avoid a costly tax pitfall, according to 24/7 Wall St. The move gives holders more time to plan around rules that could otherwise trigger unexpected tax bills, and investors are being urged to use the extra runway to get their reporting in order.

Why now: Crypto investors are closely watching IRS guidance that affects their tax liabilities.

IRScryptocurrency investors

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Evidence

• The IRS Just Gave Crypto Investors Another Year to Dodge a Costly Tax Trap · 24/7 Wall St.

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