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Tag: Capital asset

IRS Says Bitcoin, Other Convertible Virtual Currency To Be Taxed Like Stock

Kelly Phillips ErbMarch 25, 2014July 27, 2020

The IRS has finally issued some guidance on the tax treatment of Bitcoin and certain other virtual currency. What did they decide?

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Taxes From A To Z: C Is For Capital Losses

Kelly Phillips ErbMarch 5, 2012June 1, 2020

C is for Capital Losses. We hear a lot in the tax world about capital gains. But what about its counterpart, capital losses? You don’t

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