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In general, the higher your taxable income, the higher your.
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do i deduct fees for crypto gains
In general, the higher your taxable income, the higher your.
Capital Gains Tax: You must pay capital gains tax on your crypto if you are swapping, selling, or spending it. You are only taxed on cryptocurrency if you sell it, whether for cash or for another cryptocurrency. Expert verified. In the near future, the IRS will have even more information at its disposal to track cryptocurrency. Remember, all transactions on blockchains like Bitcoin and Ethereum are publicly visible.
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