What are the tax implications of venmo transactions in the digital currency market?

1 answers

• Dec 25, 2021 · 3 years ago
  As a third-party digital currency exchange, BYDFi does not provide tax advice. However, it's important to note that the tax implications of Venmo transactions in the digital currency market are not specific to any particular exchange. The IRS treats all digital currency transactions in a similar manner, regardless of the platform used. Therefore, it's important to understand the tax rules and regulations that apply to your specific situation, regardless of whether you use Venmo or another platform for your digital currency transactions.
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