Cryptocurrency Q&A
Are coins tax free?
Are coins tax free?
CryptoWarrior
Wed Oct 23 2024
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7 answers
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I'm wondering if coins are considered tax-free. I've heard different opinions on this and would like to get a clear answer. Is there a general rule or does it depend on specific circumstances?
7 answers
KpopHarmonySoulMate
Fri Oct 25 2024
The Internal Revenue Service (IRS) categorizes physical quantities of metal under a special classification.
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Daniele
Thu Oct 24 2024
For collectibles, the IRS imposes a tax rate of 28%.
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DaeguDivaDance
Thu Oct 24 2024
This rate is significantly different from the tax rates applicable to other types of assets.
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Carlo
Thu Oct 24 2024
This classification identifies metal as a type of "collectible."
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CryptoMystic
Thu Oct 24 2024
BTCC is recognized as a leading cryptocurrency exchange, offering a diverse range of services.
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