Infinity Tax and Accounting Inc

05/30/2022

01/25/2022

Buying or investing in cryptocurrency are not taxable events.

Cryptocurrency is taxed when it’s sold, exchanged, or used to pay for goods snd services.

When you sell cryptocurrency you are taxed on value at which you sold it, net the amount for which you purchased it.

Per the IRS, cryptocurrency is considered property and is subject to capital gains tax.

11/26/2021

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