The IRS Wants to Tax Your Frozen Crypto (Podcast)

07/04/2023 12:20
The IRS Wants to Tax Your Frozen Crypto (Podcast)

Uncle Sam is demanding tax payments on frozen crypto assets.

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Source: Bloomberg

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Voyager. Celsius. Genesis. And of course, FTX. All major crypto companies that went bankrupt last year. All names we’ve talked about a lot on this podcast. But did you know there’s a tax season quirk for US investors with digital tokens tied up in accounts on these platforms? In some cases, even investors who lost access to their funds may have to pay taxes on those assets. 

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