Cryptocurrency Q&A
How much do I need to file a Bitcoin tax return?
How much do I need to file a Bitcoin tax return?
CryptoAce
Wed Dec 11 2024
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5
answers
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I'm wondering about the amount required for filing a Bitcoin tax return. I need to know how much Bitcoin I should have earned or transacted to be eligible for tax reporting.
5 answers
KDramaCharm
Fri Dec 13 2024
In Japan, traders of virtual currencies such as Bitcoin and altcoins must adhere to specific tax regulations.
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CryptoEagle
Thu Dec 12 2024
If a trader earns a profit exceeding 200,000 yen from such transactions, they are mandated to submit a tax return, commonly referred to as the blue tax return.
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Stefano
Thu Dec 12 2024
This requirement applies regardless of whether the profit is the sole source of income or not.
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Elena
Thu Dec 12 2024
Moreover, even if the profit from virtual currency trading is less than 200,000 yen, traders may still need to file a tax return.
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CryptoKnight
Thu Dec 12 2024
This additional requirement arises if the total income from other sources, excluding salary and retirement income, surpasses 200,000 yen annually.
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