Bitcoin investors find tax demands are not virtual
Cryptocurrency converts across the US have had to contend with zigzagging prices and glitch-prone exchanges. Now comes another problem: the tax authorities.
Hundreds of thousands of newcomers swarmed into bitcoin and other digital currencies last year, sending prices soaring. But as the 2018 tax-filing season arrives, many may be unaware that they could need to write a cheque to the federal government.
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