What Investing in Crypto Means for Tax Season

March 8, 2018
Updated 4mo ago

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.