MilaDec 26, 2021 · 3 years ago7 answers What are the tax implications for the Friedberg family when trading cryptocurrencies?
The Friedberg family has recently started trading cryptocurrencies and they are wondering about the tax implications of their activities. They want to know how their profits and losses from cryptocurrency trading will be taxed, if they need to report their transactions to the tax authorities, and what documentation they need to keep for tax purposes. Can you provide some insights into the tax implications for the Friedberg family when trading cryptocurrencies?