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Me-(The Self Soveriegn Bank of)

Taxes become a bigger concern when you convert to fiat.

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

#cryptocurrency #english #ergo
0

9 ответов

27 просмотров
Derek-Great

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

0
23.09.2023
W || Mafia-

Thanks god I dont live in the US

0
23.09.2023
lexymon-
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

0
23.09.2023
DiscordBridge-
Derek Great
According to US law everytime you convert one cryp...

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

0
23.09.2023
DiscordBridge-

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

0
23.09.2023

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