Batley CPA Tax & Business Alert July 2021

Batley CPA July 2021 – Curtailing tax surprises with cryptocurrency

As investing in Bitcoin, Dogecoin and other cryptocurrencies becomes more popular, investors need to understand the potential tax ramifications. Unlike traditional currency, the IRS views cryptocurrency as property. This article explores the impact on capital gains and losses as well as defines key terms such as “hard forks” and “air drops.”