Overview
Bloomberg Tax quoted Lisa Zarlenga in an April 5 article titled “Tax Filing Advice for Cryptocurrency Investors.” In the article, tax practitioners offer recommendations and insights for investors prepping their 2017 tax returns.
Zarlenga, who advises clients on tax issues relating to blockchain and digital currency, says she gauges her client’s risk tolerance level when determining whether to apply like-kind treatment to a cryptocurrency transaction. “Obviously the most conservative approach is not to claim it,” she says. However, “if they are thinking about claiming it, we tend to analyze it exchange by exchange to see if they’re like-kind because not every cryptocurrency is like-kind to every other cryptocurrency.”
The full article can be read at Bloomberg Tax.
