Stian emil TvedtDec 18, 2021 · 3 years ago5 answersWhat are the tax implications of trading cryptocurrencies in the US and Canada?
Can you explain the tax implications of trading cryptocurrencies in the United States and Canada? I would like to know how trading cryptocurrencies is taxed in these countries and what are the specific regulations and guidelines that traders need to follow. Are there any differences in the tax treatment of different types of cryptocurrencies? How does the tax authority determine the value of cryptocurrencies for tax purposes? Are there any tax deductions or credits available for cryptocurrency traders? Please provide a comprehensive overview of the tax implications of trading cryptocurrencies in the US and Canada.
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