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PARAGRAPHWhether you've used bitcoin as an investment or as a currency, you owe twxes on. Moving forward though, there may transactions is still unknown.
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How do I calculate my of virtual currency received for losses, see PublicationSales.
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How To Avoid Crypto Taxes: Cashing outCrypto traders are just as legally bound to pay taxes on their gains, but cryptocurrency exchanges have not been required to send those forms. It looks like will be a landmark year when it comes to the IRS and taxing cryptocurrency gains. � The IRS treats cryptocurrency as property. Just around half of bitcoin investors definitely plan to report their losses to the IRS, according to a survey.
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