Question regarding taxes
I understand I must pay taxes on every trade I make, but do I have to do this prior to cashing out?
If I haven't realized any fiat from crypto since I've added fiat to exchanges, I'd essentially be paying money on gains/losses that could potentially disappear the day after filing.
Nobody really knows. It's too complicated just don't cash out.
>>2765198
U dont pay taxes on every trade
You only pay taxes on what u withdrawl and how long its been in play for
Less than 1 year is short term cap gain
Over 1 yr is long term cap gain