Bitcoin and Taxes: What You Need to Know About Cryptocurrency and the IRS

The IRS is now receiving 2018 returns, giving taxpayers until April 27 to file and pay. The process won’t be much different from last year, though if you’re one of the millions of investors who jumped into the cryptocurrency craze, you may have extra work to do. Here’s a plain English Q&A from Fortune’s The Ledger on how the IRS handles profits and losses related to bitcoin and other types of digital money. This is not tax advice—for that go see an accountant or, better yet, a tax lawyer—but a quick overview of the main issues. MORE AT FORTUNE.COM