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PARAGRAPHMany or all of the products featured here are from. Bitcoin is taxable if you brokers and robo-advisors tace into use it to pay for for a service or earn.
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CoinLedger Full Review! (Watch First!) (2024) ?? #1 Crypto Tax Software! ?? Overview \u0026 Features! ??Taxes are due when you sell, trade or dispose of your cryptocurrency investments in any way that causes you to recognize a gain in your taxable. You sold your crypto for a profit. Positions held for a year or less are taxed as short-term capital gains. Positions held for over a year are taxed at lower. Consequently, the fair market value of virtual currency paid as wages, measured in U.S. dollars at the date of receipt, is subject to Federal income tax.
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