Dario
Fri Jun 21 2024
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6 answers
1340
Is cryptocurrency taxed as business income?
Could you elaborate on the taxation of cryptocurrency and its treatment as business income? Specifically, I'm interested in understanding the various scenarios where cryptocurrency gains may be taxed and whether there are any specific guidelines or thresholds that determine when it's considered as business income. Is it taxed differently if it's used for personal transactions or as an investment versus engaging in active trading or mining activities? Additionally, are there any specific tax deductions or exemptions available for those involved in the cryptocurrency industry?
