Are cryptocurrencies taxable

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Are cryptocurrencies taxable?

Cryptocurrency:

Asked On2022-09-21 16:37:35 by:uma-nainwal

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Answer: Cryptocurrency taxes depend on how each government envisions the function of the crypto market in the country’s financial economy. Some cryptos are taxable, like in the US, where the IRS considers cryptos as properties, and hence, holders are subjected to certain property taxes. Many companies have emerged that aim to manage crypto-filling activities for investors, but they should be wary of such companies because ultimately the responsibility lies on them.

Answerd on:2022-09-21 Answerd By:uma-nainwal

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Are cryptocurrencies taxable?

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