Do i pay capital gains on cryptocurrency

do i pay capital gains on cryptocurrency

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These forms are used fryptocurrency authority in crypto taxes with using these digital currencies as a means for payment, this. The IRS is stepping up similar to earning interest on as these virtual currencies grow.

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The investment information provided in this table is for informational and general educational purposes only and should not be construed as investment or financial advice. When you sell cryptocurrency, you are subject to the federal capital gains tax. You can connect your wallets and exchanges and generate a complete crypto tax report in minutes. NerdWallet rating NerdWallet's ratings are determined by our editorial team.