Tax Season: Will You Have To Claim Your Cryptocurrency?

Tax Season

The cryptocurrency market grew over 3200% in 2017 alone. Towards the end of the year, there was an influx of investors flooding the market. As tax season has just begun, some have been left wondering how they need to report their cryptocurrency with their taxes. If that’s you, you’ve come to the right place.

The United States of America generally treats cryptocurrency as property. It is not treated as a currency like the U.S dollar but more of a capital asset such as stocks, bonds, or other investment properties. Due to it being treated as property …

Read The Full Article On CryptoCurrencyNews.com

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Powered by WPeMatico

Please follow and like us:
Posted in BitCoin News and tagged , , , , , , , , , , , .