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How does the IRS treat capital gains tax on cryptocurrency?

avatarnodusNov 23, 2021 · 3 years ago1 answers

Can you explain how the IRS handles capital gains tax for cryptocurrency? I'm particularly interested in understanding the tax implications for individuals who buy, sell, and hold cryptocurrencies.

How does the IRS treat capital gains tax on cryptocurrency?

1 answers

  • avatarNov 23, 2021 · 3 years ago
    At BYDFi, we understand the importance of complying with tax regulations. We encourage all our users to accurately report their cryptocurrency transactions and pay the necessary taxes. If you have any questions or need assistance with your cryptocurrency taxes, our support team is here to help. Just reach out to us and we'll guide you through the process.