CryptoAlchemy
Sun Oct 20 2024
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6 answers
1493
Is forex trading taxable in US?
The user wants to know if forex trading is taxable in the US. They are likely concerned about the legal and financial implications of engaging in forex trading and how it might affect their tax obligations in the country.
CryptoLegend
Wed Oct 16 2024
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6 answers
1377
Is USDC to USD taxable?
I'm wondering if converting USDC to USD is considered a taxable event. I need to know if I have to report this transaction to the authorities and pay any taxes on it.
Bianca
Fri Oct 11 2024
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6 answers
1348
Is Gumroad taxable?
I'm selling products on Gumroad and I'm wondering if the income I receive from it is taxable. Do I need to report my Gumroad earnings to the tax authorities? Is there a way to handle taxes on Gumroad?
BitcoinBaronGuard
Tue Oct 08 2024
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6 answers
1348
Is converting Bitcoin to cash taxable?
Could you please clarify whether converting Bitcoin to cash is considered a taxable event in most jurisdictions? I'm aware that cryptocurrency transactions can have complex tax implications, and I'm curious about the specific tax treatment of converting Bitcoin to fiat currency. Does this action typically trigger a capital gains tax, or are there any exemptions or special considerations that might apply? Thank you for your assistance in clarifying this matter.
CoinPrince
Sat Oct 05 2024
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5 answers
855
Is yield farming taxable?
Could you please clarify if the practice of yield farming, which involves depositing cryptocurrency into a decentralized finance (DeFi) protocol to earn interest or rewards, is subject to taxation? Is the income generated from these activities considered taxable income by the authorities, and if so, how is it taxed? It would be greatly appreciated if you could elaborate on the tax implications and any relevant legal frameworks or guidelines that govern this matter.
