9 Ways to Cut Crypto Taxes Down to the Bone

Once you know how cryptocurrency is taxed, you can focus on strategies to minimize how much crypto tax you’ll have to pay the IRS.

drawing of a man holding a bag marked "crypto" running away from a tax man trying to get the bag
(Image credit: Getty Images)

Cryptocurrency is one of the hottest topics in the financial news right now. Statistics show that crypto investors turned significant profits in the technology's early innings, but it has been a volatile market of late. Over the past few years, we've seen investors make fortunes – and we've seen some of those fortunes crumble – from buying and selling virtual currencies.

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Contributing Writer, Kiplinger.com

Riley Adams is a licensed CPA who works at Google as a Senior Financial Analyst overseeing advertising incentive programs for the company's largest advertising partners and agencies. Previously, he worked as a utility regulatory strategy analyst at Entergy Corporation for six years in New Orleans.