Cryptocurrency is treated as property for federal tax purposes, even though many taxpayers think of it like a stock or a currency. This article examines how IRS guidance on basis, losses, and income timing creates practical tax considerations for those active in cryptocurrency.

Tax timing and tax deferral are often confused, but they’re not the same. This post explains the difference between economic gain (realization) and when income becomes taxable (recognition)—and why it matters for planning.