Cryptocurrency Tips and Tax Deductions

Cryptocurrency is a new form a money exchange that has been made popular because of the increase in Bitcoin exchanging. Investors have broadened their horizons by investing money into new currencies namely Bitcoin, Ethereum and Ripple. There are still some gray areas in this space as it is not clear how to fully handle it for tax purposes. The IRS has been trying to regulate and apply rules to cryptocurrency and give it clear details. So far, it is settled that once it can be converted to cash, then it should be treated as cash.  This book will look into tax matters related to Cryptocurrencies and how taxpayers should handle these issues.