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The process for deducting capital rcypto it for a profit, digital assets is very similar price and the proceeds of losses from stock or bond.
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How Do You Pay Crypto Taxes? [2022 US Crypto Tax Explained]Interest income: If you earn interest income from cryptocurrency lending or savings accounts, the value of the interest received is considered taxable income. In the U.S., cryptocurrencies are treated as property and taxed as investment income, ordinary income, gifts, or donations at the state and. Cryptocurrency interest is considered ordinary income subject to income tax. Do you pay taxes on stablecoin interest? Stablecoins are taxed similarly to other.
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