https://ttlc.intuit.com/community/taxes/discussion/bitcoin/01/3104728#M1137610 <P>To what extent will investing in Bitcoin affect my taxes?</P> Wed, 25 Oct 2023 21:04:35 GMT Davebreiholz 2023-10-25T21:04:35Z https://ttlc.intuit.com/community/taxes/discussion/bitcoin/01/3104728#M1137610 <P>To what extent will investing in Bitcoin affect my taxes?</P> Wed, 25 Oct 2023 21:04:35 GMT https://ttlc.intuit.com/community/taxes/discussion/bitcoin/01/3104728#M1137610 Davebreiholz 2023-10-25T21:04:35Z https://ttlc.intuit.com/community/taxes/discussion/re-bitcoin/01/3104889#M1137611 <P>Good afternoon Davebreiholz,</P> <P>&nbsp;</P> <P>Investing in Bitcoin will not effect your taxes until there is a disposition of the Bitcoin.&nbsp; The disposition will result in a taxable gain or loss.</P> <P>This is a&nbsp;<A href="https://turbotax.intuit.com/tax-tips/investments-and-taxes/crypto-tax-forms/L8tQmALU3" target="_self">good overview of cryptocurrency</A>&nbsp;and the tax ramifications.</P> <P>TurboTax has a great new, free,&nbsp;<A href="https://turbotax.intuit.com/personal-taxes/crypto-taxes/" target="_self">crypto tracking software</A>&nbsp;that will help you track your investments.</P> <P>Thank you for reaching out to the TurboTax Community.</P> Wed, 25 Oct 2023 22:05:02 GMT https://ttlc.intuit.com/community/taxes/discussion/re-bitcoin/01/3104889#M1137611 EleanoreS 2023-10-25T22:05:02Z