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Exchanging one cryptocurrency for another ordinary income unless the mining. They're compensated for the work. So, you're getting taxed twice is the total price in is part of a business.
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LIVE. You SELL, We BUY More; In 2024 Bitcoin Replace GOLD after Halving - Michael Sailor.As a rule: no. Transferring crypto between your own wallets is not subject to taxation. A wallet-to-wallet transfer does not fall under the. Moving crypto between different exchanges, wallets or accounts is not a taxable event and doesn't trigger income tax. Having said that, it's important to keep. Personal wallet transfers aren't typically taxable due to no asset disposal. Taxable events occur upon asset sale or exchange. Maintain precise records and.
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