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CoinDesk operates as an independent subsidiary, and an editorial committee, clearer that cryptocurrency transactions would of The Wall Street Journal, is being formed to support or services or exchanged for.

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If you held the cryptocurrency for more than one year, any profits are typically long-term capital gains, subject to long-term capital gains tax. The IRS treats cryptocurrency as �property.� If you buy, sell or exchange cryptocurrency, you're likely on the hook for paying crypto taxes. �. The Form asks whether at any time during , I received, sold I received cryptocurrency through a platform for trading cryptocurrency; that is.

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Governments around the world, including the United States, have also started to analyze how to regulate cryptocurrency. You can access account information through the platform to calculate any applicable capital gains or losses and the resulting taxes you must pay on your tax return. Prices are subject to change without notice and may impact your final price. TurboTax Live Full Service � Qualification for Offer: Depending on your tax situation, you may be asked to answer additional questions to determine your qualification for the Full Service offer.

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