Do I pay taxes on Bitcoin if I don't sell?

Yes, your Bitcoin, Ethereum, and other cryptocurrencies are taxable. The IRS considers cryptocurrency holdings to be “property” for tax purposes, which means your virtual currency is taxed in the same way as any other assets you own, like stocks or gold. May 23, 2022

No comments:

Post a Comment

Who is Bitcoin owned by?

The five addresses with the most bitcoin belong to Binance, Bitfinex, MicroStrategy, and another address, whose identity is unknown. These f...