Avoid These 3 Mistakes Filing Crypto Taxes
Did you make money last year from cryptocurrency? The crypto market can be volatile but profitable, especially if you've researched correctly. Like any profitable activity, crypto gains and earnings can create a tax liability. You could face fines, penalties, or criminal action if you file incorrectly or omit income or gains. Fortunately, there are steps you can take to get your tax return correct and minimize mistakes. Below are a few mistakes to avoid as you file taxes for your crypto income and gains.