SravanDec 17, 2021 · 3 years ago5 answers What are the tax implications of taking out loans in the world of digital currencies?
What are the potential tax consequences that individuals should consider when taking out loans using digital currencies? How does the tax treatment differ for different types of loans, such as personal loans, margin loans, and decentralized finance (DeFi) loans? Are there any specific reporting requirements or tax deductions available for individuals who borrow digital currencies? How does the tax treatment vary between different countries and jurisdictions?