Bitcoin

To what extent will investing in Bitcoin affect my taxes?

posted

Good afternoon Davebreiholz,

Investing in Bitcoin will not effect your taxes until there is a disposition of the Bitcoin. The disposition will result in a taxable gain or loss.

This is a good overview of cryptocurrency and the tax ramifications.

TurboTax has a great new, free, crypto tracking software that will help you track your investments.

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Do you have an Intuit account?