Tin SopićNov 24, 2021 · 3 years ago7 answers What are the tax rules for crypto trading in the USA?
Can you explain the tax rules that apply to cryptocurrency trading in the United States? I'm interested in understanding how the IRS treats crypto trading for tax purposes and what obligations traders have when it comes to reporting their gains and losses. Are there any specific forms or guidelines that need to be followed? How are different types of crypto transactions, such as buying, selling, and exchanging, taxed? And are there any tax benefits or deductions available for crypto traders in the USA?