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Category: Cryptocurrency

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Cryptocurrency and Taxes

February 26, 2021

Cryptocurrencies are treated as property by the IRS. Tax rules that apply to stocks, also apply to cryptocurrencies. So, if you have a profit from the sale of cryptocurrencies, you will pay a capital gains tax. The amount of capital gains tax you pay is dependent upon both your income and the time duration you…
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Cryptocurrency Volatility

February 23, 2021

Cryptocurrencies experienced a market-wide crash between last night and today. Bitcoin plunged nearly 20%, many altcoins dropped more than 25%.Why did this happen? Did anyone predict or foresee it? The answer is no on both counts. I spent all morning pouring through various websites, blogs, and forums to see if anyone called this – because…
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