How Do Governments Tax Bitcoin? | a Crypto Tax Accountant on Filing Requirements and Loopholes




Hidden Forces show

Summary: In this Crypto Forces segment of Hidden Forces, Demetri Kofinas speaks with Mark DiMichael, a Forensic Accountant who specializes in the tax implications for cryptocurrencies. What are the filing requirements for anyone who has profited from, transacted in, or mined a cryptocurrency in the last 9 years? Do cryptocurrencies qualify under the terms of a like-kind exchange? What are some exemptions that could help lower your tax burden and help you keep more of the money you've made from cryptocurrencies?