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Ok, then don't tax it if its value is zero.
by null0pointer 4y ago
Ok, then don't tax it if its value is zero.
- aorth 4y agoI don't think you are taxed on your cryptocurrency holdings. You are taxed when you realize the gains by selling them for USD, for example. Same as stocks, right?
- null0pointer 4y agoCorrect, in most jurisdictions I'm aware of. I was just being facetious :)
- lxgr 4y agoValue is much harder to determine, so governments usually just tax (realized) capital gains instead.