How Is Crypto Taxed & Do You Pay Taxes on Bitcoin? The Motley Fool
If you trade one Bitcoin for $60,000 of another cryptocurrency, you’d report $40,000 in gains. If you had crypto assets tied up in a company that’s filed for bankruptcy, unfortunately, there isn’t anything you can do for the 2022 tax year. “When those bankruptcies get finalized in 2023, we will have more clarity on the …
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