The deadline to file taxes is just over one month away, and some might be including cryptocurrency earnings for the very first time. Lisa Greene-Lewis, a tax expert at TurboTax, explains what investors need to be aware of this season.
"The way you use it is the way it's taxed," says Greene-Lewis who has noticed an increased demand for clarification on this type of reporting. "There's more questions coming up as more people are trading."
Greene-Lewis says that, if one is mining cryptocurrency, it becomes taxable when the asset is recognized.
Treasury Secretary Janet Yellen on Thursday testified before the House that the government is ready to step in with more help for bank depositors if necessary
Ford's business will gradually transition from its internal combustion vehicles to battery electric vehicles, but combustion vehicles will continue to grow for the next few years, CFO John Lawler told Cheddar News.
Stocks rose Thursday, but only after another dizzying day for Wall Street where a big show of strength from the morning vanished and worries rose about the banking industry.
