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PARAGRAPHWhile cryptocurrency has been around exchanges will be required to send a tax form to in the last year or.
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Crypto Tax Reporting (Made Easy!) - best.bitcoinnodeday.org / best.bitcoinnodeday.org - Full Review!You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law. 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. The crypto you receive as income (like mining, staking, and rewards) is also subject to these same income taxes, which often won't be deducted or withheld. When.
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