What Investing in Crypto Means for Tax Season

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.

More In Business

Tik Tok Ban Passed in Foreign Aid Bill. What's Next?

The U.S is one step closer to potentially banning Tik Tok.

These Clean Energy Stocks Are Always in the Green

Make every day Earth Day by helping the U.S. make the switch to clean energy. Bonus: It’s inflation proof.

Harbor is Redefining Baby Monitoring without Biometrics

Enter Harbor, a new state-of-the-art baby monitor system, has opted not to include biometric monitoring.

How Two Companies are Using Tech and AI to Squash Bedbug Infestations

With an uptick in bedbug infestations, two companies, Spotta and Comcast’s Machine-Q, are joining forces and using tech and AI to squash this problem.

After Israel’s Attack on Iran, It’s Good Time to Invest Internationally

We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.

Bitcoin Halving Is Today: Here’s What that Means

Bitcoin halving typically raises the value of the cryptocurrency – and it could be an ‘exemplary’ hedge against inflation.

Big Business This Week: Netflix’s Gamble Pays Off, The Halving Is Upon Us and Oh God Rate Cuts

The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.

Disneyland Is Spending $2 Billion on New Rides, Hotels, and More

Disney’s nearly $2 billion plan means new rides, hotels, and more.

How Two Companies are Using Tech and AI to Squash Bedbug Infestations

With an uptick in bedbug infestations, two companies, Spotta and Comcast’s Machine-Q, are joining forces and using tech and AI to squash this problem.

Drones are Altering Farming and Growing Food Forever

When one thinks of agriculture, it brings up thoughts of tractors, yet unmanned drones have found one of their newest homes in agriculture.

Load More