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Important Crypto Tax Info! (CPA Explains!)Confused about crypto taxation? Our guide simplifies IRS rules on Bitcoin and other cryptocurrencies, covering tax rates, capital gains, and income tax. To document your crypto sales transactions you need to know when you bought it, how much it cost you, when you sold it and for how much you sold. You sold your crypto for a profit. Positions held for a year or less are taxed as short-term capital gains. � You exchanged one cryptocurrency for another. Say.
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