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define buy-sell-trade when it comes to cryptos and tax reporting
DO YOU HAVE TO PAY TAXES ON CRYPTO?The IRS treats cryptocurrencies as property, meaning sales are subject to capital gains tax rules. Be aware, however, that buying something with cryptocurrency. Key Takeaways Bitcoin has been classified as an asset similar to property by the IRS and is taxed as such. U.S. taxpayers must report Bitcoin transactions for tax purposes. Buying crypto on its own isn't a taxable event. You can buy and hold digital currency without incurring taxes, even if the value increases. There needs to be a.