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Other forms of cryptocurrency transactions our partners and here's how not count as selling it.
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Crypto Taxes Explained - Beginner's Guide 2023When crypto is sold for profit, capital gains should be taxed as they would be on other assets. And purchases made with crypto should be subject. You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law. If you held a particular cryptocurrency for more than one year, you're eligible for tax-preferred, long-term capital gains, and the asset is taxed at 0%, 15%.
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