Cryptocurrency and Taxes: You MUST Claim Your Cryptocurrency

Tax Season


On February 13th, Credit Karma reported that only 0.04 percent of Americans that have already filed their 2017 taxes had claimed their cryptocurrency gains and losses. With the entire cryptocurrency market starting at $18 billion in January and growing to over $600,000 billion by the end of the year, Credit Karma expected more individuals to be reporting. Filing cryptocurrencies are a big gray area for most, as I’m sure many are completely unaware as to how they would even begin the process. Still, last year the IRS took Coinbase to court and won, having to …

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