Re: Crypto and Taxes

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SidMember

I got sucked into the cryptocurrency storm late 2017 and started trading as well through a good part of 2018 as well. I did cash out some of my investments and now I am eager to learn it's impact on my tax return.

Anyone here who has been involved in cryptocurrency over the past year or so?

-Sid

2/9/199:55 AM

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Former Member

I have only watched from afar, but it's funny you mention the impact on your tax return as I was just doing my tax organizer online for my accountant last week. I was surprised by the question that asked if any of my investments last year were in crypto, and it was like a lightbulb moment. I hadn't even thought about having to report those investments on your taxes! For now, I'm glad I can skip that section. cool

2/11/199:42 AM

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