Riccardo
Mon May 13 2024
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7 answers
1569
Can I claim crypto losses on taxes in Canada?
Excuse me, I'm a bit confused about something related to taxes and cryptocurrencies in Canada. Could you possibly explain to me if it's possible to claim losses on cryptocurrencies for tax purposes? I've heard rumors that there might be some sort of tax relief for investors who have incurred losses in the crypto market, but I'm not quite sure how it works or if it's even true. Could you clarify this matter for me? It would be greatly appreciated. Thank you in advance for your time and assistance.
WhisperEcho
Sat Mar 30 2024
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6 answers
1087
Do US citizens pay taxes on crypto?
I'm a bit confused about the tax regulations surrounding cryptocurrencies in the United States. As a US citizen, am I required to pay taxes on any profits or transactions made with cryptocurrencies? How does the IRS treat these digital assets? Also, are there any specific tax deductions or exemptions available for crypto investors? Could you please clarify the situation for me?
TaekwondoPower
Sat Mar 30 2024
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5 answers
1127
How much is $100,000 after taxes in Ontario?
Excuse me, I am a bit confused about taxes in Ontario. Could you please clarify something for me? If I earn $100,000 in Ontario, how much of that amount would I actually receive after taxes are deducted? I understand that taxes can vary depending on various factors, but could you provide me with a general estimate or a ballpark figure? Thank you for your help.
Arianna
Sat Mar 30 2024
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7 answers
2169
How much crypto do you need to file taxes?
Excuse me, I'm a bit confused about cryptocurrency taxes. I've been investing in a few cryptocurrencies, but I'm not sure how much of it I need to declare when it comes to tax time. Could you possibly enlighten me on this matter? Is there a specific threshold or amount that triggers the need to file taxes on crypto? And if so, how does the process work? I'd appreciate your expertise in this area.
KimonoElegantGlitter
Sat Mar 30 2024
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8 answers
1698
How do I keep track of crypto for taxes UK?
I'm a UK-based crypto investor, and I'm really confused about how to handle taxes on my crypto transactions. Could you please explain the process to me? I understand that crypto is taxed differently from traditional investments, but I'm not sure exactly how it works. Do I need to keep track of every single transaction, or is there a simpler way to calculate my taxable income? Also, are there any specific tools or software that you recommend for tracking crypto taxes? I'm just looking for some guidance to help me navigate this complex tax landscape.
