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To: Vermont Lt

but if you don’t sell, is it taxable gain? (and I guess I need to circle back with my accountant....that is what she said...)

similarly...this article says it is treated as a capital asset, and says parenthetically like stocks or bonds:

https://www.forbes.com/advisor/investing/what-are-cryptocurrency-taxes/

as I read that article, I can’t see how it is different from a stock.


28 posted on 03/24/2021 2:20:06 PM PDT by ConservativeDude
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To: ConservativeDude

Yes, you have to dispose of it to generate a taxable event. A trade for a car is taxable.


31 posted on 03/24/2021 4:06:51 PM PDT by Vermont Lt
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