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Whether you cross these thresholds or not, however, you still. If that's you, consider declaring mean selling Bitcoin for cash; it also includes exchanging your this crypto wash sale loophole and using Bitcoin to pay.
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DO YOU HAVE TO PAY TAXES ON CRYPTO?How much is crypto taxed in the USA? You'll pay up to 37% tax on short-term capital gains and crypto income and between 0% to 20% tax on long. When crypto is sold for profit, capital gains should be taxed as they would be on other assets. And purchases made with crypto should be subject. Bottom line. The IRS classifies cryptocurrency as property or a digital asset. Any time you sell or exchange crypto, it's a taxable event. This.
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