Cryptocurrency Q&A
Do you have to report crypto gains under $600?
Do you have to report crypto gains under $600?
Eleonora
Wed Sep 04 2024
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Excuse me, could you clarify something for me? The topic of reporting cryptocurrency gains has been on my mind lately. Specifically, I've been wondering, is it necessary to report cryptocurrency gains that are under $600 in value? I understand that there are certain tax regulations surrounding cryptocurrency transactions, but I'm unsure if the threshold for reporting these gains is different from traditional investments. Could you shed some light on this matter? I'd appreciate any guidance you can provide.
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