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December 5, 2023
Question

When engage in crypto trading, I often make a profit, is this profit taxed?

  • December 5, 2023
  • 1 reply
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1 reply

fanfare
Employee
December 5, 2023

IRS considers crypto an asset.

After reporting gains and losses (Form 8949), your net profit for the year is a capital gain (Schedule D).

 

@trg21