Cryptocurrency Series Conclusion: How Crypto is Reported for Taxation by the Exchanges
In this last article in our series on cryptocurrency we will focus on how to address your cryptocurrency gains and losses and the potential tax liabilities it may bring. We will also look at the various ways your transactions are reported by the crypto exchanges to the IRS and other agencies. As more cryptocurrency exchange […]
Cryptocurrency Part 2: Currency in Computer Code
As we previously discussed, cryptocurrency experts and investors alike believe that one day tokens will be a widely accepted form of recognized currency. In this new era, you would be able to make purchases and earn your income in tokens like Bitcoin. I know what you’re thinking; a single Bitcoin is worth over $39,000 (as […]
Introduction to Cryptocurrency
By now, no doubt you have heard about some form of cryptocurrency tokens; Bitcoin, Ethereum, Litecoin, and even Dogecoin made a cameo on Saturday Night Live recently. These cryptocurrencies all have wildly different prices, but the underlying technology of these tokens is the same type of computer code that acts as a digital ledger that […]