maaaria vanDec 16, 2021 · 3 years ago5 answers What are the tax implications of cashing out cryptocurrencies in the US?
I would like to know more about the tax implications of cashing out cryptocurrencies in the United States. What are the specific rules and regulations that individuals need to be aware of when it comes to reporting their cryptocurrency earnings and paying taxes? Are there any exemptions or special considerations for different types of cryptocurrencies? How does the IRS track cryptocurrency transactions? I want to make sure I am in compliance with the law and avoid any potential penalties or legal issues.