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The Thomas Howell Ferguson Blog

What Are the Tax Implications of Cryptocurrency Transactions?

If your small business accepts, spends, or invests in Bitcoin, Ethereum, or other cryptocurrencies, each transaction may carry federal tax consequences. Receiving cryptocurrency as payment can create taxable income, while selling or spending it later may generate a separate gain or loss. Expanded digital-asset reporting makes accurate records especially important. Here’s what business owners should […]

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