Will You Have to Pay Crypto Tax? | Crypto Tax Questions Answered!!!

Daily cryptocurrency trading volume is over $112 billion. Bitcoin holders account for 65 percent of the cryptocurrency market at the moment. With such a huge amount of money circulating in the system, it is obvious for the IRS to have an eye on the crypto market.

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Just like any other business that causes the exchange of wealth, crypto trading is on the list of the IRS for collecting taxes. Now, if you are doing transactions in crypto, you are probably on the IRS list for tax collection too, and you must now be asking more questions like how much tax should be paid on crypto transactions and how you can play your part by paying your taxes on time.

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LEGAL:
The information provided on this channel does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the channel's content as such. Crypto Multistream does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.