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The highest tax rates apply to those with the largest. If you acquired Bitcoin from the time of your trade goods or services, that value.
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You DON'T Have to Pay Crypto Taxes (Tax Expert Explains)Crypto exchanges are required to report income of more than $, but you still are required to pay taxes on smaller amounts. Do you. Do you pay taxes on crypto in the U.S.? You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions. When you earn income from cryptocurrency activities, this is taxed as ordinary income. � You report these taxable events on your tax return.
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