How Is Cryptocurrency Taxed?

Author: External Author | Mar 17, 2021 | Categories: Accountant , Accounting Services , Certified Public Accountant , CPA Firm , Cryptocurrency , Tax Consultant , Tax Planner , Tax Planning , Tax Preparation , Tax Preparer , Tax Services

The whole world is watching as Bitcoin and the rest of the cryptocurrency market keep notching new record highs. The Internal Revenue Service (IRS) is watching, too. If you own cryptocurrency, like Bitcoin or Ethereum, you need to understand how it impacts your tax liability every time you buy it

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Original Article Source Credits: Forbes Advisor, https://www.forbes.com

Article Written By: David Rodeck, John Schmidt

Original Article Posted on: Feb 18, 2021

Link to Original Article: https://www.forbes.com/advisor/investing/what-are-cryptocurrency-taxes