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Investing in Cryptocurrency? The Tax Implications You Should Consider - Taxation News

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Tax News


Posted on: Apr 10, 2018

Known for their lack of centralized regulation and government oversight, cryptocurrencies have become an increasingly popular option for investors. But as digital currencies become more prominent, they are drawing increased attention from the federal government. Cryptocurrency reporting noncompliance is rampant, and the IRS is increasing enforcement on virtual currency issues. In light of this, what tax implications should you consider before investing in cryptocurrencies?

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This article was submitted by Chad Halstead, Katz Sapper Miller LLP. If you would like to submit content or write an article for the Tax Section, please email Kara Sikorski at ksikorski@indybar.org.

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