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How to file taxes for cryptocurrency

How to file taxes for cryptocurrency

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You can use Form if be covered by your employer, information for, or make adjustments to report cryotocurrency as it incurred to sell it.

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best.thebitcointalk.net � Individuals. In South Africa, cryptocurrency is subject to income tax and capital gains tax. What is the deadline to file my crypto taxes in South Africa? You must report income, gain, or loss from all taxable transactions involving virtual currency on your Federal income tax return for the taxable year of the.

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Because cryptocurrencies are viewed as assets by the IRS, they trigger tax events when used as payment or cashed in. More from Intuit. It should be treated the same way as Bitcoin earned from mining. You can use Schedule C, Profit and Loss From Business , to report your income and expenses and determine your net profit or loss from the activity.