Are you among the estimated 15% of Americans who own digital currency? If you sold or traded it last year, you¡¯re probably sitting on big gains, and those will come with hefty tax bills.
There are smart ways to manage those obligations, and not-so-smart ones, too.
Lots of crypto investors might be tempted to hide their heads in the tax-planning sand, and it¡¯s easy to see why. The tax issues are complex. Brokerage firms don¡¯t do the hard work of tracking their holdings, as they typically do for owners of stocks and bonds. Guidance from the Internal Revenue Service can be confusing, too.
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