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The Crypto Bitcoin Tax Trap In 2024You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law. WASHINGTON � The Internal Revenue Service today reminded taxpayers that they must again answer a digital asset question and report all digital. Like these assets, the money you gain from crypto is taxed at different rates, either as capital gains or as income, depending on how you got your crypto and.
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