When do you have to pay taxes on crypto

when do you have to pay taxes on crypto

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How to Pay Zero Tax on Crypto (Legally)
If you owned it for days or less, you would pay short-term gains taxes, which are equal to income taxes. If you owned it for longer, you would pay long-term. If you buy, sell or exchange crypto in a non-retirement account, you'll face capital gains or losses. Like other investments taxed by the IRS. The IRS treats all cryptocurrency, like Bitcoin and Ethereum, as capital assets and taxes them when they're sold at a profit.
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  • when do you have to pay taxes on crypto
    account_circle Akinokazahn
    calendar_month 01.07.2020
    In my opinion. Your opinion is erroneous.
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Additional terms and limitations apply. Crypto Calculator Estimate capital gains, losses, and taxes for cryptocurrency sales Get started. Price estimates are provided prior to a tax expert starting work on your taxes.