Did you buy, sell, use, or trade cryptocurrencies? If so, you may owe taxes if you’re a US taxpayer. Cryptocurrencies including Bitcoin, Ethereum, Doge Coin, and other crypto currencies are gaining traction as an alternative investment or currency. If you own or trade cryto, you’re eventually faced with the question. How do I pay taxes on my crypto currency profits?

In this video, I’m going to answer your questions about Cryptocurrency and Bitcoin Taxes. This is a Beginners guide for crypto taxes in 2021. Later on, I’ll share my favorite cryptocurrency tax software designed to save you time and maximize your refund.

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Do you have questions about Crypto and Bitcoin Taxes | Explained by CPA? I’m an Illinois licensed, Registered Certified Public Accountant with over 25 years of experience. I’m dedicated to providing outstanding tax and accounting services to individuals and small businesses in the Chicago area.

Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.v

 

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