Rajat R RaikarDec 17, 2021 · 3 years ago2 answers What are the tax implications of buying and selling Shiba Inu in the USA?
I am interested in buying and selling Shiba Inu, a popular cryptocurrency, in the USA. However, I am concerned about the tax implications. Can you please explain what tax rules and regulations apply to buying and selling Shiba Inu in the USA? How are gains and losses from Shiba Inu transactions taxed? Are there any specific reporting requirements? I want to make sure I am compliant with the tax laws while trading Shiba Inu.