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Investing in crypto currency has got a terrific boom after the success of Bit-coin. People are increasingly buying crypto currency, and traders love the profits they experience during crypto currency transactions. If you are interested in understanding how crypto currency affects tax payments, this blog is a must-read for you. It’s imperative to have an idea of the overall tax situation before putting your money into the purchase. Crypto currencies including Bit-coin are considered Property The Internal Revenue Service stated that crypto currencies would act as your property asset. As per the kind of transaction, assets are liable to various kinds of taxes. If you have used your Bit-coin during the year, you will have to pay taxes on the actual realized value. It means you will have a capital gain that is taxable in the tax season. Get the help of Gilbert Tax preparation if you find any difficulty in tax preparation. Keep a record of your Bit-coin It is crucial to have a rec...