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TagsWhat are the tax implications of trading שער יציג דולר שקל in the United States?
Parth SarthyDec 25, 2021 · 3 years ago1 answersI am a US resident and I have been trading שער יציג דולר שקל (Israeli Shekel) on a digital currency exchange. I would like to know what are the tax implications of trading שער יציג דולר שקל in the United States? How will my trading activities be taxed and what should I be aware of in terms of reporting my gains and losses to the IRS?
1 answers
- Trading שער יציג דולר שקל in the United States can have tax implications. The IRS considers cryptocurrencies as property, so any gains or losses from trading שער יציג דולר שקל are subject to capital gains tax. It's important to keep track of your trades and report them accurately to the IRS. If you are unsure about how to report your cryptocurrency trading activities, it's recommended to consult a tax professional who can provide guidance based on your specific situation.Dec 25, 2021 · 3 years ago
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