Will Buying Bitcoin Impact My Tax Return?
The rapid rise of Bitcoin (CRYPTO: BTC) within the last few months has many investors drooling over the possibilities of getting rich. But before you drift off in fantasyland and dump all your money into the cryptocurrency, don't forget to add taxes to the equation.
As a Bitcoin investor, taxes can be triggered for a variety of reasons. But not every move you make in the cryptocurrency market leads to a tax bill. Here's a breakdown of what you need to know about Bitcoin taxes to ensure you are on good terms with the IRS.
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Source Fool.com
