Cryptocurrency Taxes 2018: Made Easy
Author | : Dale Michelson |
Publisher | : First Rank Publishing |
Total Pages | : 14 |
Release | : |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Book excerpt: Cryptocurrency is a very popular item on person’s minds these days. There are new investors that are taking a chance with these new currencies such as Ethereum, Bitcoin and Ripple. There is some confusion on how to handle it for federal tax purposes. There was an issuance of advisory in 2014 by the IRS to tax payers to give some idea how it would treat virtual currency. This is a clear decision once the asset is convertible to cash it can be treated as such. Taxes can be very complicated and may not be a simple exercise all the time. This book will cover the Cryptocurrency platform and speak to the ideas of taxes that currently surround it.