How is cryptocurrency taxed?

How is cryptocurrency taxed?

As tax season is now upon us, the number one question is raised: how is cryptocurrency taxed?, it is worth reviewing some common tips and tricks concerning your cryptocurrency holdings and reporting obligations. (1) How is cryptocurrency taxed? Since the IRS sounded...
Taxation of Cryptocurrency Forks and Airdrops

Taxation of Cryptocurrency Forks and Airdrops

In Revenue Ruling 2019-24 the IRS considered what are the tax consequences of Taxation of Cryptocurrency forks and airdrops.  Those of us who hold, or held, cryptocurrency during widely-followed forks, such as Bitcoin’s 2018 fork into Bitcoin and Bitcoin Cash, know...