Crypto Taxes: All you need to know
Cryptocurrency is becoming more popular and influential every day. However, even with more investors taking a chance on new cryptocurrencies such as Ethereum, Bitcoin, and Ripple, many are still confused about how they should treat their assets for federal income tax purposes. The IRS only issued guidance on this topic in 2014. What is clear is that cryptocurrencies are treated as capital assets as long as they are not converted into cash. This means that the capital gains regulations are
