Need to report bitcoin trades on your taxes? Here are 5 things to know first

in hive-116221 •  4 years ago 

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Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and "inefficient."

That doesn't mean Yellen and the department she leads — which includes the Internal Revenue Service — don't care about the cryptocurrency.

Now that it's income tax filing season, people holding bitcoin and other cryptocurrencies will see the IRS is actually very curious about a taxpayer's cryptocurrency transactions.


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