Is crypto interest taxable as ordinary income or capital gains?

3 answers

• Nov 23, 2021 · 3 years ago
  Crypto interest is generally considered taxable as ordinary income. Just like any other interest earned from traditional investments, the interest earned from cryptocurrency investments is subject to income tax. It is important to report and pay taxes on the interest earned from your crypto investments to comply with tax regulations.
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• Nov 23, 2021 · 3 years ago
  Yes, crypto interest is taxable as ordinary income. The tax authorities treat it the same way as interest earned from other investments. Make sure to keep track of your crypto interest earnings and report them accurately when filing your taxes to avoid any potential penalties or legal issues.
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• Nov 23, 2021 · 3 years ago
  Crypto interest is indeed taxable as ordinary income. However, it's important to consult with a tax professional or accountant to understand the specific tax laws and regulations in your jurisdiction. They can provide personalized advice and guidance on how to properly report and pay taxes on your crypto interest earnings.
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