It’s an exciting (and frustrating) time for Bitcoin and cryptocurrencies. In late 2017, numerous coins experienced soaring growth in terms of price-per-coin and market cap, and thousands of speculators hopped aboard the bandwagon to make a quick buck. And even though many of these coins experienced a correction in January 2018, the price still sits higher than it was last September and it’s possible you’ve made a hefty profit. What do you do with that money? Is cryptocurrency taxed? Here’s everything you need to know. This article is written for the 2017 tax year for United States residents and may...
Read the full article: What You Need to Know About Bitcoin and Cryptocurrency Taxes
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