logo logo

WWCrypto provides analysis of the crypto market. In addition to tracking updates in the industry. WWCrypto provides the community with real time information and major events.

WWCrypto

Digital Membership

Get unlimited insight reports trusted by experts around the globe. Become a Member Today!

View pricing plans

London, UK (HQ)

[email protected]
ADVERTISEMENT

Question

Are eth gas fees tax deductible?


Answers (1)

avatar
Arsalan Afzal
Jan 30, 2022 11:41:05

Yes, you can deduct your eth gas fees from your taxes. The fees are considered a business expense, and as such, are tax deductible. Keep in mind, however, that you can only deduct expenses that are directly related to your business. So if you use your eth gas fees to pay for other expenses as well, you will need to separate out the amount that is attributable to your eth gas fees.

Top Answer

Answer

You must be logged in to post a answer. Login