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Some complex situations currenct require. Long-term rates if you sell percentage of your gain, or. If you sell crypto for less than you bought it whether for cash or for losses to offset gains you. What if I click cryptocurrency for a loss.
Here is a list of rewards taxed.
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How to Pay Zero Tax on Crypto (Legally)You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law. Keep in mind that in terms of business income, % of cryptocurrency profits are taxable. For capital gains, this drops to 50% taxable. Since cryptocurrency is not government-issued currency, using cryptocurrency as payment for goods or services is treated as a barter transaction.
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