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. We are in California.
I recently started working with an account manager who does FOREX trading for me. The year is coming to and end and 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!
No comments:
Post a Comment