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| Cryptocurrency taxes 2018 | The IRS treats cryptocurrencies as property for tax purposes, which means:. File back taxes. Therefore, it would be prudent for taxpayers to monitor potential legislation that could affect the tax consequences of cryptocurrency transactions. On a similar note Crypto transactions are taxable and you must report your activity on crypto tax forms to figure your tax bill. ClearOne App. Active Investor Our most advanced investment insights, strategies, and tools. |
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Rethinking Our Exponential Future w/ Dror PolegThe capital gains tax revenue at stake worldwide may be in the tens of billions of dollars, but the more profound risks may ultimately be for VAT/sales taxes. The IRS treats cryptocurrency as property, meaning that when you buy, sell or exchange it, this counts as a taxable event and typically results. If you held a particular cryptocurrency for more than one year, you're eligible for tax-preferred, long-term capital gains, and the asset is taxed at 0%, 15%.
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