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Should I Buy Bitcoin? 5 Things to Consider Before Investing

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Services like Coinbase and Robinhood are making crypto transactions more seamless than ever, and that ease of use might make you forget that every time you sell a cryptocurrency, it’s a taxable event — just as if you’re selling a stock. If you’ve started your 2020 1040, you’ll notice that the IRS added a highly visible question: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”

Rob S

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