What are the tax implications for unrealised capital gains in the cryptocurrency market?

1 answers

• Bing Yu LiNov 29, 2024 · a year ago
  When it comes to the tax implications of unrealised capital gains in the cryptocurrency market, it's important to note that different jurisdictions have different rules and regulations. In some countries, such gains are not taxed until they are realized, while in others, they may be subject to taxation even if they are not realized. It's crucial for individuals and businesses to consult with a tax professional or accountant who is familiar with the specific rules and regulations in their jurisdiction. They can provide guidance on how to properly report and handle unrealised capital gains in the cryptocurrency market to ensure compliance with the tax laws.
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