Crypto currency language translations
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cryptocurrency that will rise jan 2018How Do You Pay Crypto Taxes? [2022 US Crypto Tax Explained]
The IRS classifies cryptocurrency as property or a digital asset. Any time you sell or exchange crypto, it's a taxable event. This includes. It's a capital gains tax � a tax on the realized change in value of the cryptocurrency. And like stock that you buy and hold, if you don't. You need to sell the asset before it can be exchanged for a good or service, and selling crypto makes it subject to capital gains taxes. Taxable as income.