Are there any tax implications when closing an eTrade account and trading cryptocurrencies?

1 answers

• Dec 29, 2021 · 3 years ago
  Closing an eTrade account and trading cryptocurrencies can have tax implications that you should be aware of. The profits you make from selling cryptocurrencies are generally subject to capital gains tax. However, the tax treatment can vary depending on factors such as the duration of your investment and your tax residency. It's advisable to consult with a tax professional who specializes in cryptocurrency taxation to ensure that you are fully compliant with the tax laws in your jurisdiction and to explore any potential tax-saving strategies.
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