Cryptocurrency Taxes 2020: What You Need To Know
WKBT February 12, 2021 10:32 AM David Rodeck - Forbes Advisor Posted: Updated: February 14, 2021 8:42 AM Do you own cryptocurrency? Maybe you bought Bitcoin years ago when it was priced at $100, and decide to take some big profits in 2020. Or perhaps you joined the revolution late and bought some Ethereum, only to turn around and sell it off for a quick buck. Either way, you may owe taxes on your 2020 crypto transactions, and you need to understand how it impacts your tax bill. How Do Cryptocurrency Taxes Work? For better or worse, capital gains tax rules apply to cryptocurrencies l...
Source: news8000.com