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Probably a stupid question and I'm guessing the answer is yes, but you would you still need to pay capitol gains on the increase in value from when you purchase
by my_usernam3 5y ago
Probably a stupid question and I'm guessing the answer is yes, but you would you still need to pay capitol gains on the increase in value from when you purchased it?
- kinghajj 5y agoYes, both the purchaser and seller would need to pay capital gains taxes on the realized appreciation in the digital asset and real property, respectively.
- sneak 5y agoEven cryptocurrency x into cryptocurrency y exchanges are capital gains events, so cryptocurrency into real estate is absolutely one such.
- pavlov 5y agoEither capital gains tax or income tax, depending on how long ago you purchased.