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If you joined the GameStop frenzy or dabbled with bitcoin, get ready for the tax man

If you joined the GameStop frenzy or dabbled with Bitcoin, get ready for the tax man

Many first-time investors who jumped into the 2020 bull run find themselves drowning in tax-time paperwork – as could be any other newbies who joined this year’s GameStop frenzy or Bitcoin bonanza for next year’s tax return. Every time a trader sells a stock or a cryptocurrency, it counts as a taxable moment.