Questions tagged [bought but didnt sell]

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amelia_martinez_engineer amelia_martinez_engineer Sat Sep 28 2024 | 0 answers 0

Do you have to pay taxes on crypto if you bought but didn t sell?

Excuse me, I'm curious about cryptocurrency taxes. If I were to buy some crypto but not sell it, would I still be obligated to pay taxes on it? Is there a specific rule or guideline that governs this situation? I'm trying to stay compliant with the law and make sure I'm handling my finances properly, so any insight you could provide would be greatly appreciated.

Do you have to pay taxes on crypto if you bought but didn t sell?

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