The deadline to file taxes is just over one month away, and some might be including cryptocurrency earnings for the very first time. Lisa Greene-Lewis, a tax expert at TurboTax, explains what investors need to be aware of this season. "The way you use it is the way it's taxed," says Greene-Lewis who has noticed an increased demand for clarification on this type of reporting. "There's more questions coming up as more people are trading." Greene-Lewis says that, if one is mining cryptocurrency, it becomes taxable when the asset is recognized.

Share:
More In Business
Nvidia Earnings Coming Tomorrow
Jack Ablin, Cresset Capital founding partner and CIO, breaks down the current market, from all eyes on Nvidia’s earnings to what sectors he’s seen deliver excellent returns.
Standing Out in a Crowded Job Market
Andrew McCaskill, career expert at LinkedIn, shares tips for Black professionals – and anyone looking to grow their opportunities in the coming year.
Load More