of last year’s boom in cryptocurrency and other digital assets like non-fungible tokens are figuring out what it all means for their taxes.
For investors unfamiliar with tax codes, navigating surprise tax bills or complex crypto tax situations could be a challenge during the filing season, so it is important to be well-prepared. Even if cryptocurrency aims to be an alternative to the U.S. dollar, it does not change Americans' tax obligations.The IRS treats cryptocurrency and other digital assets like property, meaning a taxpayer may owe tax when they exchange or sell assets for a profit.
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Prob going to jump to low 50’s soon.
Who cares. Still best investment on the market.