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BTCS INC. (the Company) CLAWBACK POLICY Introduction The Board of Directors of the Company (the Board) believes that it is in the best interests of the Company and its shareholders to create and maintain
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A crypto crash refers to a sudden and significant decline in the value of cryptocurrencies, often driven by market speculation, regulatory news, or macroeconomic factors.
Individuals or entities who have experienced significant losses in cryptocurrency investments during a downturn may be required to report these losses for tax purposes.
To fill out the necessary reporting for a crypto crash, one must gather data on purchases, sales, and losses, then report this information on their tax return using the appropriate forms.
The purpose of reporting a crypto crash is to calculate and document capital gains or losses for tax purposes, ensuring compliance with tax laws.
Information required includes the date of acquisition, sales price, purchase price, and any fees incurred during transactions, reflecting both gains and losses.
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