Since the first bitcoin transaction in 2009, the number of virtual currencies has grown to over 1,500

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Since the first bitcoin transaction in 2009, the number of virtual currencies has grown to over 1,500 and some taxpayers trade the currencies multiple times each day (i.e., like a day trader). Find a reliable article on investment strategies for virtual currency and a software tool that can help the investor track the basis, fair market value, and dates of the trades. Send an email to your professor that details your findings (including an investment strategy, the name of a software tool that can help with tax recordkeeping, and whether it can produce the necessary tax reporting form for the investor).

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South-Western Federal Taxation 2022 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357519431

25th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young, David M. Maloney

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