kai-squareDec 17, 2021 · 3 years ago9 answers What are the tax implications of cashing out cryptocurrency in the USA?
I would like to know more about the tax implications of cashing out cryptocurrency in the USA. What are the rules and regulations that individuals need to be aware of when it comes to reporting their cryptocurrency earnings and paying taxes? Are there any specific forms or procedures that need to be followed? How does the IRS view cryptocurrency transactions and what are the potential consequences of not reporting them correctly?