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Cryptocurrency and Taxes: Non-Taxed Scenarios and Record Keeping

Cryptocurrency and Taxes: Non-Taxed Scenarios and Record Keeping

by Murry Englard, CPA | Apr 29, 2022 | Murry Englard CPA, Taxes

In the first part of this series, we explored different kinds of cryptocurrency transactions considered taxable by the IRS. While most transactions or exchanges involving cryptocurrency will be taxed, there are a few unique situations that are considered untaxable....
Cryptocurrency and Taxes: When Crypto Is Taxable

Cryptocurrency and Taxes: When Crypto Is Taxable

by Murry Englard, CPA | Apr 29, 2022 | Murry Englard CPA, Taxes

Due to the rise of digital currencies, such as bitcoin, the number of Americans who have invested in them has increased significantly. According to the White House, around 16% of adults have used or traded digital currencies. Some of the most popular platforms for...

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