May 4, 2025

Is Transferring Crypto a Taxable Event?

1 min read

According to the Internal Revenue Service (IRS), most cryptocurrencies are convertible virtual currencies. They may, therefore, be used in place of actual money and serve as a medium of exchange, a store of value, a unit of account, and a unit of worth. Additionally, it implies that any earnings or revenue derived from your cryptocurrencies

Cryptopolitan logo

Source: Cryptopolitan

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed