How Do Cryptocurrency Taxes Work?

How Do Cryptocurrency Taxes Work?

So… tax season is around the corner, and you are holding crypto; what do you need to do when it comes time to file?  For starters, you’ll need to check the box at the top of your 1040 if you owned, bought, or sold any virtual ‘crypto currencies’—as the IRS puts it. With prices over the last year rising through a series of volatile cycles, you might have a taxable gain. The good news is that taxes on crypto ...