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The ultimate guide to tax-free crypto gains in the UKUnless they are earning interest from staking or other scenarios, cryptocurrencies are not subject to IRS taxes when you hold them in your. What's more, the IRS allows you to deduct net capital losses, up to an annual cap of $3, ($1, if you're married but filing separately). Cryptocurrencies such as Bitcoin are treated as property by the IRS, and they are subject to capital gains and losses rules.
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