It’s been a rough year for crypto — but investors still may have a tax bill. Here’s how to prepare

  • by:
  • Source: CNBC
  • 11/18/2022
After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses.

But the falling crypto market and the recent collapse of digital currency exchange FTX may affect next year’s tax bill — and beyond, according to financial experts.

Despite recent losses, “gains from earlier in the year are still on the books,” said Andrew Gordon, tax attorney, CPA and president of Gordon Law Group.

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