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Dive even deeper in Investing. The highest tax rates apply by tracking your income and.
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DO YOU HAVE TO PAY TAXES ON CRYPTO?Using fiat money to buy and hold cryptocurrency is generally not taxable until the crypto is traded, spent, or sold. Tax professionals can. The IRS treats all cryptocurrencies as capital assets, and that means you owe capital gains taxes when they're sold at a gain. This is exactly. 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.
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