Crypto jargon
Home News News Releases Taxpayersand was revised this year to update wording.
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What If I FAIL to Report My Crypto Trades??'There's no need to pay tax on your crypto if you didn't sell or convert it to U.S. dollars!' Unfortunately, it's not true. There are many situations where you. But when you sell personal use property for a loss, you generally do not need to report it as it is typically not tax-deductible. Even though it. You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law.
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