Tag: crypto gains

As the cryptocurrency landscape matures and gains mainstream traction, understanding the tax implications associated with digital assets has become crucial for traders, investors, and casual users alike. The decentralized and intangible nature of cryptocurrencies raises complex questions around taxation, but the onus is still on individuals to comply with their country's tax laws. In this article, we'll unpack the essential aspects of cryptocurrency taxation, helping you to demystify your fiscal responsibilities in the realm of digital currencies. Defining Cryptocurrency for Tax Purposes Most tax authorities, including the IRS in the United...