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Crypto Taxes 2020: What We Know - and What We Don’t

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#cryptocurrency #digitalfinance #finance

This year marks the first time a cryptocurrency question is on the IRS tax form - a feat six years in the making.

Regulators have been struggling for years to embrace this virtual asset, mainly because they haven’t figured out how to tax it. This remains one of the biggest barriers to mainstream adoption. July 15 is this strange year’s deadline for Americans to file their tax returns, but cryptocurrency users’ guidelines are as confusing as ever.

Here’s what we know about filing taxes for your crypto - and what we don’t.

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