Silvia
Sat Mar 30 2024
|
7 answers
1676
Who pays tax on gifted crypto?
I'm somewhat confused about the taxation of cryptocurrencies when they are given as gifts. If someone were to give me a significant amount of cryptocurrency, would I be responsible for paying taxes on that? Or would the giver be taxed? Are there any specific rules or guidelines that apply to this situation? I'm particularly interested in the situation where the gift is given between individuals, not between entities or businesses. Could you please clarify this matter for me?
ZenBalance
Sat Mar 30 2024
|
6 answers
1537
How much tax would I have to pay on crypto?
Good day, I am a beginner in the world of cryptocurrency. I've made a few investments in some altcoins and I'm wondering, how much tax would I have to pay on my crypto earnings? Is there a specific tax rate for cryptocurrencies, or does it depend on the type of crypto I'm dealing with? I've heard rumors that some countries treat crypto as property, while others tax it like income. Could you clarify this matter for me?
KabukiPassion
Sat Mar 30 2024
|
7 answers
1827
Do you only pay tax on crypto when you sell?
So, I've been hearing a lot about cryptocurrencies lately, and I'm starting to get interested. But one thing that's been confusing me is taxes. Do you only pay tax on crypto when you sell it? Or do you have to pay taxes on it every year, like with other investments? And how does the government even know how much crypto you have? I've heard about people using crypto to avoid taxes, is that true? And if so, how does that work? I'm just trying to wrap my head around all this new and complex stuff. Could you explain it to me like I'm five?
Pietro
Sat Mar 30 2024
|
6 answers
1323
Does Canada tax crypto?
Hello, I am a cryptocurrency investor living in Canada. I am wondering if the government of Canada taxes cryptocurrencies? I understand that cryptocurrencies are a new and evolving asset class, so I'm not sure how the tax laws apply to them. Could you please provide some clarity on this matter? I would appreciate it if you could also explain how the taxes are calculated and any specific rules or regulations that I should be aware of. Thank you for your time and assistance.
Paolo
Fri Mar 29 2024
|
7 answers
1398
Where is crypto tax free?
I've been hearing a lot about crypto taxes lately, and it's got me wondering - is there anywhere in the world where crypto is tax-free? I understand that taxes are a necessary evil, but with the volatile nature of cryptocurrencies, it seems like a real burden. Maybe there's some secret tax haven for crypto investors that I don't know about? Any insights or suggestions would be greatly appreciated.
