Cryptocurrency's value plummets. Here's what it means for your taxes

Author: External Author | | Categories: Tax Planner , Tax Planning , Tax Preparation , Tax Services

Holders of cryptocurrency have more than price volatility to worry about this year. The taxman wants to know about your trading activity.

Bitcoin hit fresh highs during the weekend, creeping toward $42,000 on Jan. 8. However, its value tanked on Monday amid a sell-off in cryptocurrencies, and bitcoin’s value is now hovering around $33,000.

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Original Article Source Credits:   CNBC ,

Article Written By:  Darla Mercado

Original Article Posted on:  JAN 11 2021

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