Crypto Day Trading Tax Rules: What You Need to Know Before Starting

The IRS treats your Bitcoin, Ethereum, and altcoin trades as property, not currency. That single fact shapes everything about how your day trading profits will be taxed, and if you’re jumping...

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Crypto Day Trading Tax Rules: What You Need to Know Before Starting

Source: BitCoinTalk

The IRS treats your Bitcoin, Ethereum, and altcoin trades as property, not currency. That single fact shapes everything about how your day trading profits will be taxed, and if you’re jumping into crypto markets without understanding this, you’re setting yourself up for a painful surprise when tax season arrives. Most day traders focus entirely on…