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How To Deal With Bitcoin and Taxes | Cryptocurrencies and Taxation

When it comes to Bitcoins, Taxes and the “How To”, there is only a few things you need to know. Well… when it comes to the basics… there are only a few things that you need to know. Even though Bitcoin and other Cryptocurrencies have been around for awhile now, there is still a lot of confusion in the air as to how it is taxed here in the U.S. Especially now that it is gaining steam as a new way to acquire property, pay for services and be added to the savvy investors portfolio. Therefore, in this video, your favorite Uncle / Cousin Tyrone Gregory is going to take you down the rabbit hole to show exactly what you need to know when it comes to dealing with Cryptocurrencies and the IRS. I will show you how the IRS views them and what you need to do to ensure that you are on the right side of the law when it comes to dealing with the taxes. The Links Mentioned In The Video: Hobby vs Business : https://selfemployedtaxacademy.com/fr... Notice 2014-21: https://www.irs.gov/pub/irs-drop/n-14... For the historical data: https://coinmarketcap.com https://www.coindesk.com/price/ https://markets.bitcoin.com Enjoy!