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The process for deducting capital mean selling Bitcoin for cash; return and see if you to the one used on - a process called tax-loss.
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New IRS Rules for Crypto Are Insane! How They Affect You!The Form now asks, �At any time during , did you receive, sell, send, exchange or otherwise acquire any financial interest in any. It's important to note: you're responsible for reporting all crypto you receive or fiat currency you made as income on your tax forms, even if you earn just $1. If you owned it for days or less, you would pay short-term gains taxes, which are equal to income taxes. If you owned it for longer, you would pay long-term.
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