FYI: Bitcoin may grab headlines when it skyrockets in value, as it did much of last year, or when it plunges precipitously, as it has this week.
But the virtual currency has a reputation for providing a sense of anonymity to those who own it.
That anonymity doesn’t extend to the tax authorities, however.
Come April, people who have bought and sold Bitcoin — or any of the other digital currencies that have quickly sprouted across the web — will be expected to report any profits on their federal tax returns.
Regards,
Ted
https://www.nytimes.com/2018/01/18/your-money/bitcoin-irs-taxes.html
