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You DON'T Have to Pay Crypto Taxes (Tax Expert Explains)Yes, you'll pay tax on cryptocurrency gains and income in the US. The IRS is clear that crypto may be subject to Income Tax or Capital Gains Tax, depending on. If you've sold your crypto for more than you bought it, you'll likely pay capital gains tax (CGT) on the profit. � If you lose money through. This is because you trigger capital gains or losses if its market value has changed. If you receive crypto as payment for business purposes, it is taxed as.