At Broadway Tax Professionals we have taken an initiative to research Cryptocurrency taxation and provide proper guidance to clients.
Cryptocurrency / virtual currency transactions, and mining coins are subject to income tax. We are familiar with all virtual currencies such as Bitcoin, Etherum, Ripple, as well as alternative coins. We have experience working with running various reports on many of the common exchanges used to buy and sell Cryptocurrency. We can provide assistance preparing gain and loss summaries as well as determine the correct tax treatment for various transactions. In a new and expanding field you can rest assured we are going to stay at the forefront of this issue which is a hot topic with the IRS.
We are here to help long term investors, traders, miners, and clients who accept payment in Cryptocurrency.
See below for official IRS guidlines regardarding cryptocurrency.