How does the taxation of cryptocurrency differ from the taxation of Amazon RSUs?

3 answers

• Apr 29, 2022 · 3 years ago
  When it comes to taxation, cryptocurrency and Amazon RSUs are treated differently. Cryptocurrency is considered property by the IRS, which means that any gains or losses from its sale or exchange are subject to capital gains tax. On the other hand, Amazon RSUs are treated as ordinary income and are subject to income tax at the time of vesting. This means that the tax rate for cryptocurrency can vary depending on how long you hold it, while the tax rate for Amazon RSUs is based on your income tax bracket. It's important to keep track of your cryptocurrency transactions and report them accurately to ensure compliance with tax laws.
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• Apr 29, 2022 · 3 years ago
  Taxation of cryptocurrency and Amazon RSUs is not the same. Cryptocurrency is treated as property for tax purposes, so any gains or losses from its sale or exchange are subject to capital gains tax. On the other hand, Amazon RSUs are considered ordinary income and are subject to income tax at the time of vesting. This means that the tax rate for cryptocurrency can be different depending on how long you hold it, while the tax rate for Amazon RSUs is based on your income tax bracket. It's crucial to consult with a tax professional to understand the specific tax implications of your cryptocurrency and Amazon RSU transactions.
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• Apr 29, 2022 · 3 years ago
  The taxation of cryptocurrency and Amazon RSUs differs in a few key ways. Cryptocurrency is treated as property by the IRS, so any gains or losses from its sale or exchange are subject to capital gains tax. On the other hand, Amazon RSUs are treated as ordinary income and are subject to income tax at the time of vesting. This means that the tax rate for cryptocurrency can vary depending on how long you hold it, while the tax rate for Amazon RSUs is based on your income tax bracket. It's important to note that the tax laws surrounding cryptocurrency are still evolving, so it's crucial to stay updated and consult with a tax professional for accurate guidance.
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