Best way to learning about blockchain & crypto knowledge for free here 1 questions
Does the threshold of $600 apply only to crypto exchanges reporting income, or does it also determine my tax obligation? If I earn less than $600 in crypto profits, am I exempted from paying taxes? Furthermore, am I taxed on Bitcoin holdings that I haven't sold? Is the tax obligation triggered solely by selling the Bitcoin, regardless of the amount? Clarify if I'm required to pay taxes even on smaller crypto profits.
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