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Cryptocurrency Q&A Is ETH to wrapped ETH taxable?

Is ETH to wrapped ETH taxable?

Sara Sara Thu Dec 26 2024 | 6 answers 997
I'm wondering if converting Ethereum (ETH) to Wrapped Ethereum (wETH) is considered a taxable event. I need to know if this type of transaction incurs any tax liabilities. Is ETH to wrapped ETH taxable?
eth wrapped eth taxable

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