If I bought something on crypto.com and sold it on

Question

Crypto.com

Crypto Street

If I bought something on crypto.com and sold it on

crypto.com for profit, isn’t that income? Or are you saying capital gains from trading profits just aren’t counted.

#crypto-exchange #cryptocom #english

0

12.04.2022

3 ответов

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Crypto Street Автор вопроса

Skaso | WON'T DM FIRST
Capital gains from trading profits are not counted...

Thank you 🙏 I already know my gains so I will claim them accordingly with the rest of my profits

0

12.04.2022

George

It depends, consult a local accountant because this varies from country to country and state to state as well in USA... I believe there's a limit to which is "to low to tax" on both instances though

0

12.04.2022

Skaso | WON'T DM FIRST · Accepted Answer

Skaso | WON'T DM FIRST

Capital gains from trading profits are not counted as 1099-MISC income by the IRS, please consult an accountant

0

12.04.2022

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