1. Cryptocurrency and Taxes: What You Need to Know

    Cryptocurrency and Taxes: What You Need to Know

    This year, for the first time, federal tax forms ask about your bitcoin and other cryptocurrency activities. Here's a look at the implications for your income taxes.

    Cryptocurrency is digital currency, or a “digital representation of value,” as the IRS puts it. You can’t see it, hold it in your hand, or put it in your wallet. It’s been in use for over a decade and has grown in popularity over the last few years.

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