How To Calculate Crypto Taxes For Gains Or Losses
In March 2014, the Internal Revenue Service (IRS) stated that all cryptocurrency was to be treated as property. By viewing cryptocurrencies as capital assets, all purchases made with them (stocks, bonds, investment properties, etc.) are liable for taxation. A capital gain is when crypto traders purchase cryptocurrency, hold it over a certain period and later sell it for profit, a capital loss is when the currency is sold for a lower cost....