Bitcoin Taxes Will Create Nightmares for Investors – What to Do

The sting of Bitcoin taxes await many a cryptocurrency investor next spring. The 250%-plus gains in the Bitcoin price in 2017, not to mention the 2,900% increase in the price of Ethereum, have left many cryptocurrency investors with impressive windfalls. Those gains are taxable and the IRS knows it. Investors only have until Dec. 31 to mitigate their tax bite. Here's what you need to do... Tags: bitcoin price To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Bitcoin Taxes Will Create Nightmares for Investors – What to Do appeared first on Money Morning - We Make Investing Profitable .