How does the IRS classify virtual currencies like Bitcoin?
Bitcoin and taxes: what to know if you traded cryptocurrency in 2021

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Life Skills, Business
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University
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Hard
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What must you report on your tax returns if you cashed out your crypto?
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3.
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3 mins • 1 pt
What factors determine how much tax you owe when selling crypto?
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4.
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3 mins • 1 pt
What is the tax implication if you sold your crypto for less than you bought it?
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5.
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3 mins • 1 pt
What records do you need to keep for calculating your crypto taxes?
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