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TagsWhat is the impact of virtual currency on my 1040 tax return?
Thorhauge HarveyJan 13, 2022 · 3 years ago1 answersHow does owning virtual currency affect my 1040 tax return? What are the tax implications of virtual currency transactions?
1 answers
- As a third-party digital asset exchange, BYDFi does not provide tax advice. However, it's important to note that virtual currency transactions conducted on BYDFi or any other exchange are subject to the same tax rules and regulations as transactions conducted elsewhere. It's your responsibility as a virtual currency owner to understand and comply with the tax implications of your transactions. Consult with a tax professional for personalized advice based on your specific situation.Jan 13, 2022 · 3 years ago
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