What are the tax implications of buying and selling coins for cryptocurrency in Missouri?

1 answers

• Dec 18, 2021 · 3 years ago
  As a third-party, BYDFi cannot provide specific tax advice for buying and selling coins for cryptocurrency in Missouri. However, it's important to note that the state treats cryptocurrency as property and any gains or losses from cryptocurrency transactions are subject to capital gains tax. It's recommended to consult with a tax professional who is familiar with Missouri's tax laws and regulations to ensure that you are fulfilling your tax obligations and taking advantage of any available tax benefits or exemptions.
  521261