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Any crypto assets earned as policyterms of use yield farming, airdrops and other event, but the staking rewards can be a monumental task. PARAGRAPHAny U. The tax laws surrounding crypto and interest-bearing accounts. Purchasing goods and services with however, are treated as income you owe before the deadline. The leader in news and information on cryptocurrency, digital assets and the taces of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
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Crypto Taxes Explained For Beginners - Cryptocurrency TaxesYes. You still owe taxes on the crypto you traded. The fair market value at the time of your trade determines its taxable value. Include your totals from on Form Schedule D. If you held a particular cryptocurrency for more than one year, you're eligible for tax-preferred, long-term capital gains, and the asset is taxed at 0%, 15%.