Cryptocurrencies have become a global phenomenon in the past few years. With their meteoric rise in value, they have also become a popular investment vehicle. However, when it comes time to cash out, taxes become a concern. In the United States, there are a few ways to cash out crypto without paying taxes. Each way […]
How Are Taxes Calculated On Crypto
Cryptocurrencies are a new asset class that present unique challenges for tax authorities. How are taxes calculated on crypto? This article will explore the various ways that taxes can be applied to cryptocurrencies. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin, […]
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When Are You Taxed On Crypto
Cryptocurrencies are a new and exciting investment option, but when do you have to pay taxes on them? This is a question that a lot of people have, and the answer can be a little confusing. The first thing to understand is that the IRS considers cryptocurrencies to be property, not currency. This means that […]
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