What are the tax implications of buying and selling cryptocurrencies in Oregon?

1 answers

• Greer SchouApr 07, 2021 · 5 years ago
  At BYDFi, we understand that tax implications can be a concern for individuals and businesses engaging in cryptocurrency transactions. While we cannot provide specific tax advice, we can offer some general information. In Oregon, cryptocurrencies are treated as property for tax purposes, and any gains or losses from buying and selling cryptocurrencies are subject to capital gains tax. It's important to keep accurate records of all cryptocurrency transactions and consult with a tax professional to ensure compliance with all applicable tax laws. If you have any further questions or need assistance, feel free to reach out to our team.
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