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Taxes on Crypto
Posted on 5/25/22 at 4:02 pm
Posted on 5/25/22 at 4:02 pm
For the short term (buy and sell within 1 year)…how do you know if its worth it to sell crypto when u factor in the taxes that you have to pay?
Posted on 5/25/22 at 5:06 pm to Perception
You’re taxed on the gain, not the total amount of the sale. You aren’t being taxed into a negative return.
Posted on 5/25/22 at 9:59 pm to Perception
I highly suggest you not jump in and out of a position. Much like you shouldn't day trade stocks. Buy a quality project and hold long term.
Posted on 5/25/22 at 10:20 pm to Perception
Hifo and use an app to track all your trades. I use koinly.

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