Cryptocurrency Taxes: 10 Mistakes to Avoid When Filing them

Filing your cryptocurrency taxes can be a nightmare if you have anything more than a handful of transactions. As trading in crypto usually involves multiple wallets and exchange accounts, transactions from mining, forks, airdrops, and other cryptocurrency activity can easily become overwhelming and challenging to track. That said, it is essential to file your returns in compliance with IRS regulations.  Check out these ten surprisingly common mistakes that many people make when filing their cryptocurrency taxes. 1. Failing to include each trade year This is an understandable mistake. When you are submitting your taxes, it makes sense only to include … Continue reading Cryptocurrency Taxes: 10 Mistakes to Avoid When Filing them