Cryptocurrency

In this episode, the Huddle Guys discuss cryptocurrency. If you are already lost on this topic...hold tight; Ignatius and Eric will dial down into this subject with ease, with particular focus on the tax implications related to cryptocurrency. To some (including Eric!) cryptocurrency is ‘funny money.’ Something out of a sci-fi movie. Simply put, cryptocurrency is digital or virtual currency. And it is real, with very real considerations for your tax filings. The Huddle Guys are seeing more cryptocurrency transactions in their clients’ portfolios. The IRS is taking notice on this topic too. Documentation is key for recording your digital wallet transactions. Listen as the Huddle Guys share their insights about this increasingly popular genre of currency. If you are already navigating the cryptocurrency waters, their advice will help to keep you on track, from a tax perspective. If you are new to this space, the information they share can help you make sound decisions as you start find your way in this new medium of exchange. It’s time to huddle up!