Cryptocurrency Q&A Is USDC to USD taxable?

Is USDC to USD taxable?

CryptoLegend CryptoLegend Wed Oct 16 2024 | 6 answers 1377
I'm wondering if converting USDC to USD is considered a taxable event. I need to know if I have to report this transaction to the authorities and pay any taxes on it. Is USDC to USD taxable?

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