47: DeFi and Tax: How are digital currencies treated by the IRS?

More with McGlinchey

Oct 27 2022 • 13 mins

Cryptocurrency has gained in popularity. Many finance companies have begun offering digital loyalty points and rewards. This sounds appealing until it’s time to figure out how and when digital currency may be taxed.

In this episode of the More with McGlinchey podcast, attorneys Douglas Charnas and Aaron Kouhoupt discuss the tax implications of receiving cryptocurrency, using it as a form of payment, and associated captain gains and capital losses.