BITC IN TAXES
Built by people who believe in sound money, private ownership, and God-given freedom.
Presented by
Jumping Jack Tax Founders
Donnell and Dana Morris
Since 2019 our founders have built a name in the tax industry. With over a decade of financial literacy content and a 3 billion views across all platforms, their love for Bitcoin, opportunity had risen. "Bitcoin holders are build the next generation of wealth they deserve the most sound, accurate tax preparation to properly store wealth and ensure it was not at risk because of tax compliance." Founders of BitcoinTaxes.com
If you invested in cryptocurrencies and sold or spent some during the year, it likely triggered a capital gain, loss, or other income, which you should report on your tax return. There is taxable income or loss on all cryptocurrency transactions, including cryptocurrency-to-currency trades, cryptocurrency-to-cryptocurrency trades, receipt of cryptocurrency in some hard fork or split transactions, purchases of goods or services using a cryptocurrency, and mining income. There are various fees related to cryptocurrency transactions, and the tax treatment varies.
Cryptocurrency tax reporting is complicated and voluminous. We use a cryptocurrency accounting solution to download cryptocurrency transactions from your cryptocurrency exchanges. You need to review the download file to be sure all your transactions were imported correctly. It’s normal to have some transactions entered manually.
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