With the rise in the worth of cryptocurrency in recent years, it makes sense that people are beginning to add it to their investment portfolios. However, since cryptocurrency is fairly new, there are specific ways in which to report it on your tax return. Not submitting this information in the…
Virtual currency, which the IRS defines as “a digital representation of value” that does not represent the U.S. dollar or any other national currency, has gained in popularity in recent years. For some, it offers an alternative to “real currencies” like the dollar for financial transactions. For others, virtual currencies…
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