Do you have to report crypto on taxes reddit

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These products and positions all taxable. Capital losses can be used the taxable events will likely.

0.18676847 bitcoin to gbp

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It's a taxable event so you have to report it on form But if the value didn't move there is no extra capital gains tax. There is no reason. You DO NOT Have to Report Crypto Purchases Made in $ US Dollars $ to the IRS. Score!! GENERAL-NEWS. You would report your taxable cryptocurrency transactions on Form and report the gains/losses like you would for any other type of property.