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Bitcoin’s on fire! Think You Owe Crypto Taxes? Think Again
6 months ago
1.93K
Finance & Crypto
Education
1031 exchange
law
irs
tax
income tax
federal income tax
tax court
withholding
income
As Bitcoin blasts past record highs, a lot of you are sitting on serious gains. But here’s the million-dollar question: Do you really have to pay U.S. federal income tax on those profits?
And it’s not just crypto—what about your stocks, bonds, real estate, or other investments? The IRS is watching. In fact, Form 1040 now directly asks if you received, sold, or exchanged any digital assets in 2023. So how should you answer—“Yes” or “No”?
If you’ve made money in crypto or other investments, Peymon breaks down what the law actually says—and how 99% of you legally owe nothing on those short-term or long-term capital gains. Don’t let fear or confusion cost you. The truth might just surprise you.
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