Want a Bitcoin Tax Refund? You Might Need an Accountant10

It’s tax season again, and unlike last year at this time--when many Bitcoin investors were sitting on exponential 2017 gains--there may be another reason for cryptocurrency holders to file their taxes: the possibility of a Bitcoin tax refund.

The price of Bitcoin fell nearly 74% in 2018, making it likely that many people sold their cryptocurrency last year at a loss. And just like the IRS requires paying taxes on capital gains, so too can losses be deducted on tax forms, lessening what tax filers owe or increasing their eligibility for a tax refund.

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