Feb 21, 2018 … Before you jump into this explanation of how cryptocurrency affects your taxes, check out our first article in this series: Bitcoin, explained. It's been a wild ride for cryptocurrency enthusiasts over the past few months. After ascending to a high water mark of $19,205 in December 2017, the world's preeminent …

5 days ago … Investing in cryptocurrency moved mainstream in 2017, now more people are staring down tax bills from their big gains in crypto.

Cryptocurrency Taxes Contents And taxation requirement for the Now that the You may not know haven't been paying The swedish startup The IRS focuses on cryptocurrency for two primary reasons: trading cryptocurrency is a taxable event and converting cash into virtual currency is a way to launder money. This focus has resulted in the IRS releasing guidance

Although cryptocurrencies are nothing new, 2017 saw more mainstream investors buying in — and cashing out. Now they could be staring down some major tax liabilities. But how tax laws apply to virtual currencies like bitcoin and ethereum …

Cryptocurrency Taxes Contents Filing deadline fast approaching Per year reported Requirement for the Tax preparation and cryptocurrency has Targets. cryptocurrency tax contents Jan 30, 2018 · When it comes to cryptocurrency, the IRS and taxes, taxpayers should stay ahead of the game rather than be reactionary. Related Content How to file for an extension on your 2017

Mar 26, 2018 · Investing in cryptocurrency moved mainstream in 2017, now more people are staring down tax bills from their big gains in crypto.

Mar 13, 2018 … Cryptocurrency startup Coinbase has launched a new gain/loss calculating tool as part of an effort to help its user base keep up with U.S. tax requirements. In a blog post published on Tuesday, the firm explained that the calculator can be used to generate a report which outlines their capital gains (or …

IR-2014-36, March. 25, 2014 — Virtual currency is treated as property for U.S. Federal tax purposes; general rules for property transactions apply.

Cryptocurrency exchanges generally don’t send customers information about …

… with crypto taxes for the 2017 tax year knows the meager rules we have now …

Mar 1, 2018 … And now, Tax Day, as ever, looms large. But this year, perhaps, is a bit different from the last few—you've got a bit of money invested in cryptocurrency. And though currencies like Bitcoin, Ethereum, and Ripple are poised to transform the financial system (not to mention your bank account), where it …

Mar 21, 2018  · With this year’s April 17 filing deadline fast approaching, many virtual currency traders are sweating over their tax returns.

Jan 09, 2018 · Cryptocurrency is riding high these days. But even as more investors are taking a chance on digital currency, many are still confused about how to treat it …

Cryptocurrency Trading Although some people would prefer to have bitcoin trading not part of filing taxes, there is no way to circumvent this requirement. According to the IRS guidelines, taxpayers need to report the fair market value of their BTC holdings on the date of receiving the currency.

Thailand’s awaited tax framework for cryptocurrencies has been announced this …

Virtual currency like Bitcoin has shifted into the public eye in recent years. Some employees are paid with bitcoin, more than a few retailers accept Bitcoin as payment, and others hold the e-currency as a capital asset. Recently, the Internal Revenue Service (IRS) clarified the tax treatment of Bitcoin and Bitcoin transactions.

Jan 30, 2018 · When it comes to cryptocurrency, the IRS and taxes, taxpayers should stay ahead of the game rather than be reactionary.

Cryptocurrency has gone mostly unregulated, but Coinbase could be just the first of many IRS targets.