Cryptocurrency Q&A
Is USDT taxable in USA?
Is USDT taxable in USA?
ThunderBreezeHarmony
Wed Jan 15 2025
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7 answers
1779
I'm wondering if USDT, a cryptocurrency pegged to the US dollar, is taxable in the United States. I'm concerned about the potential tax implications of holding or trading USDT.
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7 answers
SsangyongSpiritedStrengthCourageBravery
Fri Jan 17 2025
The question arises whether one needs to pay taxes on USDT.
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CryptoKing
Fri Jan 17 2025
The answer to this question is yes.
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CosmicDreamWhisper
Fri Jan 17 2025
Despite being pegged to the value of a dollar, Tether is classified as a crypto asset.
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Martina
Fri Jan 17 2025
This classification is significant because it means that Tether is treated as a property.
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SoulWhisper
Thu Jan 16 2025
As a result, Tether is generally subject to taxation.
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