MultiversX Tracker is Live!

Crypto as a Security / Commodity and taxable events

All Cryptocurrencies

by COINS NEWS 108 Views

I've been doing some research lately on crypto tax strategies, how to manage taxes through different entities, etc., and it sparked some thought. With the recent decision around the XRP lawsuit and how it isn't a security, why are crypto trades being taxed as if it were stock/security? There is barely any regulation around the crypto space in general, and yet there exists this strange contradiction with how the US government is handling this. Do you anticipate that this ruling would have any effect on the tax law?

submitted by /u/cpjustice
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments