I have always done taxes on my own as I have no other assets other than yearly income. I am 30yo married with 2 kids. I hold a PT job husband holds FT job.
I recently started working with an account manager who does FOREX trading for me. The year is coming to and end and I have NOT used any of the profits at all. Profits went strictly from bitcoin to credit card payments.
Question is and I hope I get some insight on this. HOW do I report this when filing taxes? Will I get taxed for cryptocurrency that was used solely to pay bills? I would hate for it to be source of income. But if no way to avoid it please guide me. Thank you!
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