Cryptocurrency Q&A
Do you pay taxes if you pay with crypto?
Do you pay taxes if you pay with crypto?
EthereumLegend
Sun Nov 17 2024
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7 answers
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I'm wondering if I have to pay taxes when I make payments using cryptocurrency. Is there any tax liability associated with crypto transactions, or are they tax-free?
7 answers
CryptoVanguard
Tue Nov 19 2024
This taxable amount is calculated as the difference between the price paid for the cryptocurrency and its value at the time of expenditure.
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Margherita
Tue Nov 19 2024
When utilizing cryptocurrency to purchase goods or services, individuals are liable for taxes on the appreciation of the crypto's value.
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BitcoinWizardry
Mon Nov 18 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of both individuals and businesses in the crypto space.
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Nicolo
Mon Nov 18 2024
Additionally, any other taxes that may arise from this transaction must also be paid.
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SeoulSoul
Mon Nov 18 2024
Among these services are spot trading, futures trading, and a wallet service, which allows users to securely store their cryptocurrencies.
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