how do I report cyrptocurrency – The Burns Firm – Advisors of Complex Financial Matters

How Virtual Currency Transactions Affect Your Tax Situation

May 6th, 2021|Categories: Accounting, CPA Dallas, Dallas CPA, IRS, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm, Virtual Currency|Tags: Callas CPA, CPA Dallas, do i ned to report bitcoin transactions, do i need to report bitcoin on my tax return, how do i keep track of virtual currency transactions for my taxes, how do I report cyrptocurrency, how do i report virtual currency, is virtual currency considered property, is virtual currency income, tax preparer near me, tax return preparation near me, The Burns Firm|

The IRS wants to know about any virtual currency transactions. However, many taxpayers are surprised to learn that Bitcoin and other forms of virtual currency are considered "property" for tax purposes, [...]