For many Americans who invested in cryptocurrencies during quarantine, there is growing confusion over how to file taxes for their newly acquired digital assets ahead of the April 18 tax deadline. Humphrey Yang, investing expert at TurboTax, joins CBS News to explain how to file your crypto correctly.
#News #TaxSeason #Crypto
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9 Comments
me hi
WSJ has a great article on BitCoin. Which ended with, "I dought it will be around in 20 years".
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He makes it more confusing.
If you're holding crypto, there's no immediate gain or loss, so the crypto is not taxed.
Tax is only incurred when you sell the asset.
No way antichrist
So much for crypto being decentralized.
I am not paying the government for services they failed to provide.
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Might as well just stick with stonks