Investors interested in crypto should be aware of tax implications and stay organized

From Nasdaq

December 30, 2024 12:00:21 pm:

Bitcoin’s price around $100,000 is sparking investor interest in crypto. With post-election gains, some may sell for year-end tax strategies. However, crypto taxes can be confusing. The IRS treats crypto as property, taxed like stock investments. Buying with crypto triggers taxable events. Getting paid in crypto is taxed as ordinary income. Changes in reporting crypto transactions are coming in 2026. Staying organized with detailed records is crucial for tax compliance.

Read more at Nasdaq: 5 Things New Investors Need To Know About Crypto Taxes