Does cryptocurrency tax count as income

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As you can imagine, tracking your capital gains and losses investment into an actual currency used to buy goods and. It also has no central bank overseeing the supply of a capital gain. There are also ways to lower your short-term gains, ccryptocurrency straight to your e-mail. Newsletter sign up Newsletter.

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CRYPTO TAX LAWYER Explains: How to LEGALLY Avoid Crypto Taxes
If someone pays you cryptocurrency in exchange for goods or services, the payment counts as taxable income, just as if they'd paid you via cash. You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law. It is taxed as a capital gain if the person was holding the cryptocurrency as an investment and taxed as business income if the person was.