13550 Village Park Dr Suite 245, Orlando, FL 32837
IRS reminded that virtual currency transactions are taxable by law just like transactions in any other property.
Forbes.com clarifies: The bitcoin and other crypto assets have just about the best possible tax treatment available for long-term investors. According to the IRS’ official guidance on crypto taxation, crypto is taxed as “property,” which is just a fancy way to say it’s taxed like a stock. If you buy bitcoin and hold it for more than a year, you pay long-term capital gains when you sell.
IMPORTANT: Do not use this article to make tax or investment decisions, this information may not apply to your situation. Consult your tax expert.)
Ana Echeverri
Ana can help you set up and manage your QuickBooks online and on desktop. Having a streamlined chart of accounts and strategy for accounting will help you understand your company's ins and outs.
Thank you for signing up!
We promise only to send you valuable information in a way that is simple to understand.