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5. Romance Scams. Cryptocurrency romance scams have become a prevalent form of deception where fraudsters forge romantic ties to trick individuals into giving up their crypto assets.
So, avoid any rude surprises at tax time by tracking any swaps between coins carefully, noting your tax burden and setting aside any money you’ll need to pay it in a high-yield savings account ...
According to the latest available data from the FTC, more than 46,000 people in the U.S. reported losing an accumulative $1 billion to crypto scams between January 2021 and June 2022. In 2021 ...
Here, scammers try to sell or offer help setting up an online account on IRS.gov that puts their tax and financial information at risk of identity theft, according to the Internal Revenue Service ...
The vast majority of people who reported losing money to crypto fraud involving a kiosk — or a crypto ATM — were over 60, according to the FBI. People in that age group lost more than $124 ...
Continue reading → The post How to Avoid Taxes on Crypto Investments appeared first on SmartAsset Blog. ... 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us.
"The 3,000 people we've notified this year, 75% had no idea they were victims of fraud," Barnacle said. Americans lost $5.6 billion in cryptocurrency scams in 2023: FBI originally appeared on ...
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