Better tax laws will help with tax compliance. Can I deduct transaction fees? Maybe only business transaction fees? There are a lot of unanswered questions.

Better tax laws will help with tax compliance. Can I deduct transaction fees? Maybe only business transaction fees? There are a lot of unanswered questions. I plan to on my 2020 tax filings next year. I’ve never had an issue reporting crypto assets on my taxes since 2014. I wouldnt have been included in the “only 800 people that reported” according to the IRS’ flawed study which was just a search string for bitcoin or btc, as I was mining litecoin back then and receiving capital gains in litecoin back then. I looked and I literally had typed in LTC in a capital gain document. These guys are so far behind reality. The new question should be “are you yield farming and did you claim any liquidity mining airdrop?” but sure lets just wait till 2027 for them to catch up