Crypto.com Coin (CROUSD)

[Magnum7419]

"When don’t you owe taxes on your crypto?
In certain circumstances, you will not trigger any taxable events when transacting with crypto, and you will not have to pay or report any cryptocurrency taxes.

You do not trigger a taxable event when you:

Buy and hold crypto
Transfer crypto from one wallet you own to another wallet you own
?
?1. Do you pay taxes for holding cryptocurrency?
If you simply buy Bitcoin or another cryptocurrency and hold it in a wallet, you do not have any sort of tax reporting requirement as you haven’t realized a gain or loss on your investment yet.

Once you sell, trade, or trigger a taxable event by disposing of the coin, this is when you realize a capital gain or loss.

2. Do you pay taxes for wallet to wallet transfers?
Sending one cryptocurrency from one wallet you own to another wallet you own is not a disposal of your crypto. You still own the crypto, and thus you do not trigger a taxable event."




https://cryptotrader.tax/blog/the-traders-guide-to-cryptocurrency-taxes