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TagsWhat are the tax implications of investing in REITs in the USA with cryptocurrency gains?
ArGoNDec 16, 2021 · 3 years ago1 answersI would like to know more about the tax implications of investing in Real Estate Investment Trusts (REITs) in the USA using cryptocurrency gains. How does the IRS treat these investments? Are there any specific rules or regulations that I need to be aware of? Can I offset any gains or losses from cryptocurrency investments against my REIT investments for tax purposes?
1 answers
- Investing in REITs with cryptocurrency gains can have tax implications. The IRS treats cryptocurrency as property, so when you sell your cryptocurrency, it may be subject to capital gains tax. However, it's important to note that tax laws can vary depending on your jurisdiction. It's best to consult with a tax professional who is familiar with the specific tax regulations in your country or state. They can provide guidance on how to properly report and pay taxes on your cryptocurrency gains when investing in REITs.Dec 16, 2021 · 3 years ago
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