Confusion — and stupidity — reign over taxes due on bitcoin gains


As this week’s tax-filing deadline approaches, there’s plenty of confusion over tax rules on profits made on selling bitcoin and other cryptocurrencies, which the IRS considers to be capital gains on the sale of property.

Tax deadline day often sparks anxiety for those rushing to get their returns in the mail, but this year’s taxes could be even more burdensome for those who profited from last year’s bitcoin boom.

“For those who invest in cryptocurrencies, this anxiety is probably significantly…

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