Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes | Bitcoin Magazine

bitcoinmagazine.com

Cryptocurrency is treated as property by the IRS in the United States. This means that it is subject to capital gains and losses rules similar to other forms of property like stocks, bonds, real estate and gold. You need to file taxes for your trades when you trade one coin for another or whenever you sell your crypto. Simply buying and holding cryptocurrency is not taxable; you only realize your gain or loss when you sell it.

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