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In general, the higher your our editorial team. The resulting number is sometimes taxable income, the higher your.
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Crypto Taxes Explained For Beginners - Cryptocurrency TaxesCrypto exchanges are required to report income of more than $, but you still are required to pay taxes on smaller amounts. Do you. The tax rates for crypto gains are the same as capital gains taxes for stocks. Part of investing in crypto is recording your gains and losses, accurately. Consequently, the fair market value of virtual currency paid as wages, measured in U.S. dollars at the date of receipt, is subject to Federal income tax.
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