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Why should you pay taxes on trading currency? Why should I have to pay taxes when swapping between different cryptos and not just when I swap to USD?
by rtrdea 6y ago
Why should you pay taxes on trading currency? Why should I have to pay taxes when swapping between different cryptos and not just when I swap to USD?
- jqpabc123 6y agoBecause that is the law --- at least in the USA. Income / profit is taxable --- regardless of source.
- supercanuck 6y agoIRS treats it like property not a currency.