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The taxation of crypto to crypto trades does not make sense. On Binance I could buy and sell a coin more than 10 times in a day. The market is really volatile. Imagine paying 30 percent on your crypto gains as tax. Horrible. I8217;d rather lose my private key. How come no one taxes me when I win in gambling? why should crypto be any different? I already paid taxes on the money before I bought crypto or a gambling ticket. Meh. Like other assets, investing in cryptocurrency comes with tax obligations. But, as we’ve mentioned above, crypto has unique features that makes it stand apart from other investment types. You could say that cryptocurrency taxes follow their own beat. Will my state tax my crypto transactions? Almost no crypto investors know all the situations in which their token-trading activities are taxable, a survey conducted by Wakefield Research for tax-prep assistance firm CoinTracker says. https://cryptoage.biz/ |
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