5 Things To Know About Your Cryptocurrency At Tax Time

(CNN Money) — Although cryptocurrencies are nothing new, 2017 saw more mainstream investors buying in — and cashing out.
Now they could be staring down some major tax liabilities. But how tax laws apply to virtual currencies like bitcoin and ethereum is still a gray area that confuses people.
“I think a lot of people who got in to cryptocurrency maybe didn’t even think about the tax implications,” says Janna Herron, a tax researcher and writer at Value Penguin.
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