When you convert your cryptocurrency into regular currency, such as US dollars, you might have to pay taxes on the transaction. The US Internal Revenue Service (IRS) considers cryptocurrency to be property, so any conversions are considered taxable events. How much you’ll owe in taxes depends on a few factors, such as the value of […]
How To File My Crypto Taxes
The Internal Revenue Service (IRS) has issued guidance on how to report income and expenses related to cryptocurrencies. If you received cryptocurrencies as income, you must report it on your tax return. You must include the fair market value of the cryptocurrency on the date it was received. If you paid for goods or services […]
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