The Secret to Lowering Your Taxes on Bitcoin
As more investors flock to cryptocurrency, the price of Bitcoin (CRYPTO: BTC) continues to hit record highs. Many investors are waking up to triple-digit gains and are contemplating one of the toughest decisions they'll have to make on their investing journey: Should I hold, buy more, or sell?
If you hold or buy more, you don't have to worry much about taxes. But once you press the sell button, you'll be on the IRS radar because you've triggered a taxable event. The good news is that you can lower your taxes by creating a strategy in advance. Here are some options to help you keep more of your Bitcoin profits in your pockets.
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Source Fool.com
