Should I Buy Bitcoin? 5 Things to Consider Before Investing

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?”