Problem Solving - Deepstash

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Problem Solving

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What are taxable and non-taxable events?

Generally speaking, taxable events include:

  1. Selling cryptocurrency for fiat
  2. Trading cryptocurrency for another cryptocurrency (e.g., BTC for ETH).
  3. Spending cryptocurrencies. In jurisdictions including the US, UK, Canada, and Australia, directly spending your crypto on goods or services can incur taxes if you made profits.
  4. Receiving cryptocurrency as a result of a fork, airdrop or mining.

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