Crypto Tax: How Virtual Currencies Are Treated in the U.S.

By Matthew Makowski Any investor worth his salt knows that the tax man is always looming. And that goes for crypto investors too. But when it comes to crypto tax, it can get a little more complicated than your average stocks and bonds. Meanwhile, Congress is making a go at updating how the tax code will impact crypto investors. Here’s what you need to know…

Just as a reminder, crypto is still very new compared to other asset classes. It was only in 2019 that the Internal Revenue Service (IRS) explicitly asked whether it had any dealings with cryptocurrency. The question on form Schedule …read more



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