Cryptocurrency Tax Strategies for HODLers
Understanding Cryptocurrency Taxes
Taxable Events: In many jurisdictions, including the U.S., cryptocurrencies are treated as property for tax purposes. This means that tax events occur when you dispose of your cryptocurrency in any way—selling it for fiat currency, trading it for another cryptocurrency, or using it to purchase goods or services. Each of these transactions may result in a capital gain or loss, which needs to be reported on your taxes.
Capital Gains and Losses:
