Taxation of Cryptocurrency, a Primer – Taxing, Briefly
In the 36 years I have been on this mortal plane, I can’t remember ever thinking I was, as the kids say (or said in the 1990s) hip. In full candor, the only time your fearless editor uses the word is when I explain to my sprightly wife that my hip hurts because it’s going to rain, and I’ve been sitting on the lawn chair on my porch too long, yelling at the whippersnappers to get of my lawn. Nonetheless, Briefly Taxing is all about staying at the forefront of tax issues, and so this old codger decided to write an article for you folks, who might just be a little hipper than I am. (Is hipper even a word?) Today, we look at the tax implications of acquiring and selling/exchanging cryptocurrency. Let me add, that the proposals on the taxation of cryptocurrency change exceedingly often. Why? Because Congress hasn't quite…



