Taxes On Bitcoin – Top 10 Tax Questions Answered

Taxes On Bitcoin – Top 10 Tax Questions Answered

Bitcoin Taxes, Tax
Taxes on all cryptocurrency is something you need to be aware of. Even if you have only recently got into crypto and own a small amount. This article covers tax from a US-based standpoint. Some of it may be applicable in other countries. Consult the advice of a tax professional before filing your taxes, wherever you live.   Top 10 Cryptocurrency Tax Questions Answered   1. Do I have to pay tax on my cryptocurrency?  Yes & no.   You have to pay taxes on any profits made on bitcoin or any other cryptocurrency you own. This applies when you sell, trade, or spend your crypto. These are taxable events that you must report to the IRS. If your coins double in value but you leave them in a wallet,…
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