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Jan 16, 2018

01/16/2018: The taxman is coming for your bitcoin

The bitcoin gold rush involves a lot of money, and where there’s lots of money, there is also the taxman. The IRS has started to take a keen interest in cryptocurrency over the past several months, and it’s not just bitcoin millionaires who should be taking notice. Marketplace Tech host Molly Wood talks with Amy Wall, a licensed tax preparer based in Tucson, Arizona, who specializes in the tax implications of virtual currency.

Bitcoin medals.
Bitcoin medals.
KAREN BLEIER/AFP/Getty Images

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The bitcoin gold rush involves a lot of money, and where there’s lots of money, there is also the taxman. The IRS has started to take a keen interest in cryptocurrency over the past several months, and it’s not just bitcoin millionaires who should be taking notice. Marketplace Tech host Molly Wood talks with Amy Wall, a licensed tax preparer based in Tucson, Arizona, who specializes in the tax implications of virtual currency.