Bitcoin is nearly $100k! Do I have to pay taxes on my cryptocurrency gains?
Dec 03 2024
53 mins
With Bitcoin nearing $100k, many of you may be seeing significant profits from cryptocurrency, but do you need to report and pay U.S. federal income tax on those gains? What about profits from stocks, bonds, real estate, and other investments? The IRS asks on Form 1040 if you’ve received, sold, or exchanged any digital assets in 2023, and you might be wondering whether to answer