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RE: Need Help with Taxes on Crypyocurrency Trades?

in #taxes6 years ago

Having to pay for each transaction you do where you have had profit seems like an insane amount of work. Especially if you are trading. Where I live we have to pay 33% on our profits, but only if we cash out (except if you trade a lot, than the tax is A LOT higher). I don't plan to EVER cash out to fiat. I believe in a short while everything can be paid for in crypto.

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Your very fortunate.