Don’t let misconceptions about Cryptocurrency taxes get in the way of you making money on Bitcoin and Altcoins. There have been a lot of false rumors and lots of bad advice being cautioned in the comments that we wanted to address.
With 2017 taxes soon being due, and the IRS making some clarifications on cryptocurrency back in Decemeber, there is still a lot that you need to know to properly track your crypto investments and know what is and what isn’t a tax liability.
I am not a tax professional, or a financial advisor so please consult with whoever you deem necessary to CYA when it comes to filing your own taxes. I just wanted to clear the air on some of the tota; BS I have seen people spouting out there.
Forbes Article: https://www.forbes.com/sites/kellyphillipserb/2018/01/09/what-you-need-to-know-about-taxes-cryptocurrency/#5ad7b2bc605f
IRS: https://www.irs.gov/pub/irs-pdf/i1040sd.pdf
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