Crypto taxes

Mar 7 3 Comments

The following are not taxable:

- Buying crypto with fiat (e.g BTC for USD)
- HODLing crypto
- Transferring coins from one wallet or exchange to another
- Gifting crypto (under 15K per person per year)
- Donating crypto to a 501(c)(3) nonprofit organization

comments

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TOP 3 Comments
  • Google
    NotSundar

    Go to company page Google

    NotSundar
    Although Coinbase should've made it very clear that their crypto conversions actually trigger a taxable event. I bought BTC with ETH. BTC crashed and at a loss. Still owe $5k in short-term gains.
    Mar 7 1
  • New / Eng
    udiverse

    New Eng

    udiverse
    What about ETH staking ? I cannot withdraw the stakes ETH until like 6 months after the merge
    Mar 9 0