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Virtual Currency Tax Rules: Crypto Gains & IRS Guide
Quick summary: For U.S. federal tax purposes, most virtual currencies are treated as property — similar to stocks or gold — so gains, losses, and certain types of income from crypto must be reported to the IRS. Taxable events and reporting: Selling crypto for fiat, trading one coin for another (e.g., BTC → ETH), or using crypto to buy goods/services generally creates a...
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