What are the current crypto tax regulations in the United States?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand the importance of staying compliant with tax regulations. In the United States, cryptocurrencies are treated as property by the IRS. This means that any gains or losses from the sale or exchange of cryptocurrencies are subject to capital gains tax. Individuals and businesses must report their cryptocurrency transactions and accurately calculate their gains or losses. It's crucial to keep detailed records of all transactions to ensure compliance. If you have any questions or need assistance with your crypto taxes, feel free to reach out to our team of experts. We're here to help you navigate the complex world of crypto taxation.
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