Virtual currency

October 12, 2020 | Juanita Farmer, CPA

Blog: Tax Treatment of Virtual Currency Transactions

Whether you’ve invested in Bitcoin and sold it at a profit or loss or received it for services performed, you’ll need to report it on your tax return. Here’s what you should know: Background Prior to 2014, there was no IRS guidance and many people did not understand that selling virtual currency was a reportable […]

Read more

Engage us on Facebook

Follow us on Twitter