Fri Jan 10 2025
|
5 answers
798
Do exchange rates apply when paying taxes to the IRS?
I'm wondering if exchange rates are taken into account when making payments to the IRS. Do I need to consider currency conversion when calculating the amount of taxes I owe to the IRS?
EthanTaylor
Thu May 09 2024
|
6 answers
1345
How to cash out crypto without paying taxes in Canada?
I've been doing some research on crypto investing and trading in Canada, and I'm curious about the tax implications of cashing out my crypto holdings. I understand that in many countries, converting crypto to fiat currency is subject to capital gains taxes, but I'm hoping there might be a way to do it without paying taxes in Canada. Is there a legal and ethical way to cash out my crypto without incurring tax obligations? Could you please elaborate on any potential strategies or considerations I should keep in mind? I'm looking for advice from a professional in the field of cryptocurrency and finance to ensure I'm making informed decisions and adhering to all applicable laws.
