Cryptocurrency Q&A
Is Ethereum tax free?
Is Ethereum tax free?
Carlo
Sun Dec 08 2024
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7 answers
1501
I'm wondering if Ethereum, the cryptocurrency, is tax-free. I've heard different things about taxes on crypto and I want to make sure I understand the tax implications of holding and transacting with Ethereum.
7 answers
InfinityRider
Tue Dec 10 2024
Consequently, there is no immediate taxation on the crypto asset.
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Carolina
Tue Dec 10 2024
Taxation occurs only when the asset is sold.
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BlockchainBaronessGuard
Tue Dec 10 2024
Upon selling the crypto, you may receive cash or units of another cryptocurrency.
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Stefano
Tue Dec 10 2024
Holding cryptocurrency does not immediately result in any gains or losses.
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Tommaso
Tue Dec 10 2024
This event signifies the realization of gains.
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