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Cryptocurrency taxes are complicated because trigger the taxes the most fees and money you paid. Here's how it would work payment for goods or services.
crypto loss tax deduction
10 Top Countries for Crypto Investors: ZERO Crypto TaxYes, crypto is taxed. Profits from trading crypto are subject to capital gains tax rates, just like stocks. A profitable trader must pay taxes on their earnings, further reducing any potential profit. Additionally, day trading doesn't qualify for. If you successfully mine a cryptocurrency or are awarded it for work done on a blockchain, it is taxed as ordinary income. How Do Cryptocurrency Taxes Work?
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