How to Explain Buying Bitcoin To Your Accountant

bitcoin taxes IRS

TJ Dragotta Filing your tax return correctly is not exactly fun, we know. To keep the pain to a minimum, use this article as a guide to discussing bitcoin with your accountant. By the way — if you take a do-it-yourself approach to taxes, this article will still point you in the right direction. Important Note: We cannot provide professional advice regarding your specific tax situation. If you are unsure about your obligations, we recommend seeking expert advice. This article provides general information about bitcoin

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Two wallets are better than one! Hold both fiat and bitcoin at the same time in Abra

fiat and bitcoin wallet

Big news! You can now have more than one wallet in your Abra app! Here’s why this is a game-changer: Buy & sell at a spot rate: Load up your fiat wallet and keep your funds there until you decide it’s the right time to buy bitcoin. Then do the exchange. You’ll have bitcoin in hand as soon as the transaction is confirmed on the blockchain. Keep two separate balances: If you want to take advantage of the volatility in bitcoin prices, you can buy

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How to transfer your Abra wallet when you upgrade your phone

The new iPhone is out and if it’s on your shopping list (lucky you!) or if you plan on upgrading your phone (Android or iOS) in, well, ever, below are some important steps to take before you make the switch. This will ensure that you’ll have full access to the funds in your Abra wallet after you’ve upgraded your phone. Abra is a non-custodial wallet. That means that we don’t hold onto your funds on your behalf. You are the only person with access to

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Using Abra to send money to the United States

With Abra, you can send money instantly to friends and family in the U.S. through our secure digital wallet on your smartphone. Fund your wallet with bitcoin or another local funding option. Your recipient in the U.S. can withdraw funds to their bank account, withdraw to an external bitcoin wallet, or spend at any online merchant that accepts bitcoin. All Abra transactions take place using bitcoin, a secure, electronic peer-to-peer technology, so funds are transferred directly from sender to recipient without any intermediary. Learn more about

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Using Abra to send money to the Philippines

With Abra, you can send money instantly to friends and family in the Philippines through our secure digital wallet on your smartphone. Fund your wallet with bitcoin or another local funding option. Your recipient in the Philippines can withdraw funds to their bank account, in cash through a local Abra teller, withdraw to an external bitcoin wallet, or spend at any online merchant that accepts Abra or bitcoin. All Abra transactions take place using bitcoin, a secure, electronic peer-to-peer technology, so funds are transferred directly from sender

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