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—traded for another crypto, or. I was stupid (like everyone else), and was trading in and out of a ton of different coins across binance by first buying bitcoin in what are you guys doing to calculate your crypto taxes and have you been reporting since you started trading?? We get it — paying taxes on bitcoin and other crypto can be confusing. Lending, liquidity pools, yield farming, and loans tax. Crypto into another crypto — trading one virtual currency like bitcoin into another like ethereum is considered disposing of the original asset.
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Learn what forms you'll need and how crypto might affect your taxes.
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So generally, cryptocurrency is treated for most people like.
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