As the 10th anniversary of Bitcoin passes by, murky waters continue to cloud the crypto seascape. Skeptics, supporters and talking heads alike have tabled the same questions that arose when cryptocurrency cannonballed into the public discourse in 2009: How exactly does it work? How can we ensure its security? Which cryptocurrency might emerge as the dominant medium of exchange?
Chief among them: Just how exactly can we account for them at tax time?
Hardly every (or any) crypto concern has met its solution. But in certain cases, the benefits of time, research, trial and error have given curious investors a few guardrails to grip. And on the issue of taxes and cryptocurrency, we’ve done our best to reveal everything you need to know in this guide.
Read the full story at https://www.thesimpledollar.com/cryptocurrency-and-taxes-a-starter-guide/
SOURCE: The Simple Dollar