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Question

Are crypto gains taxed?


Answers (1)

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Arsalan Afzal
Feb 11, 2022 15:36:58

It depends on your country of residence and the specifics of your tax situation. In most cases, profits from cryptocurrency trading are considered taxable income. However, there may be some exceptions depending on your specific circumstances. For example, you may be able to claim capital losses on crypto investments if the value of your holdings drops below what you paid for them. If you're not sure how crypto gains are taxed in your country, it's best to speak with an accountant or tax specialist to get advice tailored to your specific situation.

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