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Taxes become a bigger concern when you convert to fiat.

If you are just swapping around with internet money, is there anything to tax?

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According to US law everytime you convert one crypto to another that is a taxable event

Thanks god I dont live in the US

W || Mafia
Thanks god I dont live in the US

Austria has a very favorable law in regards to that.. same shit in Germany like in the US. But at least tax free after one year hodling

Derek Great
According to US law everytime you convert one cryp...

[@sigmautxo] if theres any kind of a gain from the swap.

[@sigmautxo] after 1 year of holding, depending on your tax bracket, capital gains goes from 20% to 10%. Its a travesty

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