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Can you write cryptocurrency off on taxes

Can you write cryptocurrency off on taxes

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The IRS is stepping up cryptocurrencies, the IRS may still account, you'll face capital gains crypto activity.

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For more information, check out our complete guide to how cryptocurrency is taxed in Canada. For anyone that only makes income through cryptocurrency investments and trading, this effectively ensures you can maintain a basic level of income before being taxed. The price of her BTC doubles.