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Majority of Bitcoin Investors Not Deducting 2018 Losses from Taxes, Claims Recent Report

It’s no secret that many relatively new investors in the cryptocurrency markets have seen massive monetary losses that have resulted from the persisting bear market that first began in late-2017 when Bitcoin began falling from its highs of…
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Confusion Over Bitcoin Taxation Leads to Poor Reporting of Gains and Losses

With Bitcoin and other cryptocurrencies making huge sums of money for those adept at timing the market, the U.S. Internal Revenue Service (IRS) is keen to make sure it receives its cut of the profits. However, a lawyer from Morgan Lewis &…