Accounting Financial Planning Investing Tax Policy

Cryptocurrency: Taxation and Investing

It seems that Cryptos are here to stay.

Midway through 2017 cryptocurrencies such as Bitcoin and Ethereum gained a ton of traction by speculators and investors. Some leading technology industry experts believed that Bitcoin would reach unprecedented highs however other believed that the coin was a scam.

Although Bitcoin has come down from its high of around $20,000, cryptocurrencies seem like they are here to stay which brings up two questions: how are they taxed and should you invest in them?

Andrew Kabatchnick, CPA sits down with The Daily CPA to cover these two topics.

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