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Mini data sheet on tax implications for cryptocurrency trading in the United States
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<blockquote data-quote="speculator" data-source="post: 1108125" data-attributes="member: 13176"><p>This is a very good advice and I would advise anyone who used Section 1031 to defer taxes on crypto exchanges to go and amend their previous tax returns. You are basically begging IRS to come after you. Here is what IRS guidance states;</p><p></p><p></p><p></p><p>Cryptoassests fall into other securities category. The following article will help you to figure out some strategies and is very informative:</p><p></p><p><a href="https://www.coindesk.com/active-crypto-traders-can-save-us-taxes/" target="_blank">https://www.coindesk.com/active-crypto-traders-can-save-us-taxes/</a></p></blockquote><p></p>
[QUOTE="speculator, post: 1108125, member: 13176"] This is a very good advice and I would advise anyone who used Section 1031 to defer taxes on crypto exchanges to go and amend their previous tax returns. You are basically begging IRS to come after you. Here is what IRS guidance states; Cryptoassests fall into other securities category. The following article will help you to figure out some strategies and is very informative: [url]https://www.coindesk.com/active-crypto-traders-can-save-us-taxes/[/url] [/QUOTE]
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