CherryBlossomBloom
Thu Jul 11 2024
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7 answers
1253
What are taxable profits & losses on cryptocurrency?
Could you elaborate on the concept of taxable profits and losses in the realm of cryptocurrency? I understand that with any investment, gains and losses can be subject to taxation, but how does it specifically apply to digital currencies? Do the same rules and regulations that govern traditional assets such as stocks and bonds also apply to cryptocurrencies? What factors should investors consider to accurately assess their taxable profits and losses in the crypto market? And how do the various tax jurisdictions worldwide treat cryptocurrency profits and losses?
