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Leronlimab4DaWin

10/19/17 8:55 AM

#19843 RE: JohnCM #19842

Yes, one needs to pay capital gains taxes on Crypto trades
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money7778

10/22/17 1:25 AM

#19864 RE: JohnCM #19842

True, but it has not been done so there will be a lot of back and forth.



For example, the volatility of a crypto currency is far more than a US dollar.



So it may need to be taxed more like a stock in which you pay capital gains when you cash out. You can't necessarily tax it like you received a dollar.