Bitcoin taxable

bitcoin taxable

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When crypto is sold for profit, capital gains should be taxed as they would be on other assets. And purchases made with crypto should be subject. Consequently, the fair market value of virtual currency paid as wages, measured in U.S. dollars at the date of receipt, is subject to Federal income tax. If you held the cryptocurrency for more than one year, any profits are typically long-term capital gains, subject to long-term capital gains.
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  • bitcoin taxable
    account_circle Kiganos
    calendar_month 21.05.2022
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Track crypto for taxes

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