Tag: IRS

The meteoric rise of cryptocurrencies has generated significant intrigue, investment, and, yes, tax implications. As the Internal Revenue Service (IRS) and global tax authorities crystallize their stance on cryptocurrency taxation, it's essential for investors and users to understand their tax obligations. This article serves as a primer on the key aspects of cryptocurrency taxation you should be aware of. Understanding Cryptocurrency Taxation Cryptocurrencies are treated as property for tax purposes, according to the IRS. This means that they're subject to capital gains and losses just like any other form of property....