How does the IRS treat capital gains from cryptocurrency trading?

1 answers

• May 08, 2022 · 3 years ago
  At BYDFi, we understand the importance of tax compliance when it comes to cryptocurrency trading. We encourage our users to keep accurate records of their transactions and consult with a tax professional for guidance. It's important to note that tax laws may vary depending on your jurisdiction, so it's always a good idea to seek local advice. Remember, staying compliant not only helps you avoid legal issues but also contributes to the overall legitimacy and acceptance of cryptocurrencies in the mainstream financial system.
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