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How to handle cryptocurrency on your taxes

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Before you jump into this explanation of how cryptocurrency affects your taxes, check out our first article in this series: Bitcoin, explained.

It’s been a wild ride for cryptocurrency enthusiasts over the past few months.

After ascending to a high water mark of $19,205 in December 2017, the world’s preeminent cryptocurrency — that’s bitcoin — shed more than half its value over the 60 days that followed. (As of mid-February, it’s climbed back past $10,000.) Other virtual currencies, including Litecoin and ether, also saw precipitous drops. More….