Unlike most other jurisdictions, the U..S tax law and regulations can be quite complicated. If you are not diligent with your taxes, you could end up paying more taxes than you should.
For new asset classes like cryptocurrencies you will need to be extra vigilant to ensure that you do not end up on the wrong side of the law or worst still end up losing because you paid more taxes than you ought to have paid.
Here is some advice from Sehan Chandrasekera, a contributor to Forbes, on how you could grow your crypto portfolio tax free.
Very useful advice for those subject to U.S taxation.
