is cryptocurrency considered property – The Burns Firm – Advisors of Complex Financial Matters

Curtailing Tax Surprises With Cryptocurrency

August 24th, 2021|Categories: Accounting, Burns Firm, cryptocurrency, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Tax Planning|Tags: cpa near me, cryptocurrence, cryptocurrency, Dallas CPA, is cryptocurrency considered property, tax, tax on cryptocurrency, tax preparer near me, The Burns Firm|

As investing in Bitcoin, Dogecoin and other cryptocurrencies becomes increasingly popular, investors need to understand the potential tax ramifications. Unlike traditional currency, the IRS views cryptocurrency as property for federal income tax [...]