Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Since their creation, cryptocurrencies have experienced a meteoric rise […]
How To Avoid Capital Gains Tax On Crypto
Cryptocurrencies are a new and exciting investment asset, but they are also a taxable one. If you sell your cryptocurrency for a profit, you will have to pay capital gains tax on that profit. However, there are a few ways to avoid paying capital gains tax on your crypto profits. The first way to avoid […]
Read Time:
17 Min
0
How To Report Crypto Capital Gains
When it comes to trading and investing, cryptocurrencies are relatively new territory. As such, there are still a lot of unanswered questions when it comes to the tax implications of crypto transactions. One of the most common questions is how to report crypto capital gains. In this article, we’ll break down the basics of crypto […]
Read Time:
19 Min
0
0