Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, Lisa Zarlenga, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out the types of taxes crypto owners must pay: income tax and capital gains tax, and provides examples of how different crypto transactions are taxed. (Produced by Macarena Carrizosa; Senior Producer: Andrew Satter; Executive Producer: Josh Block)
Stay up to date with the news on crypto at: https://news.bloombergtax.com/crypto
Watch on Bloomberg Law: https://news.bloomberglaw.com/us-law-week/tax-your-crypto-and-nfts-yes-the-irs-wants-its-cut-video
