Bob CDec 25, 2021 · 3 years ago2 answers What are the tax implications of trading cryptocurrency futures in Chicago?
I'm curious about the tax implications of trading cryptocurrency futures in Chicago. Can you provide more information on how trading these futures is taxed and what I need to be aware of? Specifically, I'm interested in understanding how the profits and losses from trading futures are taxed, as well as any potential deductions or credits that may be available. Additionally, I'd like to know if there are any specific reporting requirements or forms that need to be filed with the IRS for trading cryptocurrency futures in Chicago.