Trading cryptocurrency has become easier than ever, thanks to the development of sophisticated exchange platforms and new, user-friendly storage options. Yet there is one issue that can prove challenging for even relatively advanced traders: Cryptocurrency and taxes.
Given that the penalties for failing to accurately track, file, and pay taxes on cryptocurrency gains can be substantial, it’s vitally important that traders are equipped with up-to-date tax information.
With that in mind, let’s take a closer look at what you need to know about how to report cryptocurrency on taxes. You can also reference our previous article and video interview we did with Happy Tax here.Read More →