How to report crypto on your taxes

When crypto first gained prominence more than 15 years ago, one of the big selling points of the currency was its lack of ties to any specific government. Unlike fiat currency, cryptocurrency offered the possibility of a purely mathematical currency that was unrelated to politics, governance, or taxes.

While crypto is still touted as an alternative to fiat currency, such as the U.S. dollar, the real world of politics, governance, and taxes has found a way to intrude on the use of this alternative currency in America.