Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. #1 Do I need to report cryptocurrency on my taxes? Cryptocurrency is treated as property for tax purposes. Just like stocks, bonds, real-estate, and other forms of property, you need to report your capital gains and losses from your cryptocurrency transactions on your tax return—specifically, if you incurred a taxable event during the year. A taxable event is a specific scenario that triggers a tax liability. The below
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