Cryptocurrency Q&A
Is selling BTC to USDT taxable?
Is selling BTC to USDT taxable?
TaegeukChampionCourageousHeartWarrior
Fri Mar 07 2025
|
6
answers
1792
I'm considering selling my Bitcoin (BTC) for USDT, but I'm not sure if this transaction is taxable. I want to understand if I need to pay taxes on the profits I make from selling BTC for USDT.
6 answers
Alessandra
Sun Mar 09 2025
Exchanging one cryptocurrency for a stablecoin or the reverse operation constitutes a taxable transaction.
Was this helpful?
334
67
Federico
Sun Mar 09 2025
In such a transaction, capital gains or losses are realized based on the value of the incoming coin.
Was this helpful?
363
38
CryptoProphet
Sun Mar 09 2025
This means that if you trade Bitcoin (BTC) for Tether (USDT), for instance, a taxable event arises.
Was this helpful?
288
77
Martino
Sat Mar 08 2025
The taxable event is determined by the value of the BTC at the time of acquisition and the value at the time of sale.
Was this helpful?
286
48
CryptoPioneer
Sat Mar 08 2025
Any difference between these two values will be subject to capital gains tax if the value has increased, or a capital loss if it has decreased.
Was this helpful?
345
72
Load 5 more related questions
