Because cryptocurrency is viewed as property by the IRS, it doesn’t enjoy a de minimis exemption—meaning there is no amount small enough to avoid the capital gains tax. So, every time you get paid in crypto, you have to keep track of your “gains” for tax season. The crypto tax implications and regulations lack clarity. This push to make tax season easier for crypto users has to continue if the U.S. wants to see widespread adoption. What people still need is clarity around regulations and tax laws and tools to easily track and manage tax burdens.

Source: Forbes February 05, 2019 17:03 UTC