Tax,
Banking
Nov. 6, 2017
The wild west of bitcoin and other cryptocurrency taxes
It is an understatement to say that bitcoin and other digital currencies have taken the world by storm. Some of the valuation spikes -- from a few dollars to over $6,000! -- might make you think of the gold rush of yore. Still, what about the taxes?
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
It is an understatement to say that bitcoin and other digital currencies have taken the world by storm. Some of the valuation spikes -- from a few dollars to over $6,000! -- might make you think of the gold rush of yore. Still, what about the taxes? If you are one of the legions of people capitalizing on the wild west of cryptocurrency, you might want to think about taxes.
In fact, since it appears that there are lots of sales (and ...
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