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When does the tax year start for cryptocurrency investors?

avatarHello monkeyDec 28, 2021 · 3 years ago2 answers

Can you please explain when the tax year starts for cryptocurrency investors? I am not sure about the specific dates and how it affects my tax obligations.

When does the tax year start for cryptocurrency investors?

2 answers

  • avatarDec 28, 2021 · 3 years ago
    As a cryptocurrency investor, the tax year starts on January 1st and ends on December 31st, just like the regular calendar year. This means that any gains or losses you incur during this period will be subject to taxation. It's important to keep track of your transactions and report them accurately to ensure compliance with tax regulations.
  • avatarDec 28, 2021 · 3 years ago
    The tax year for cryptocurrency investors starts on January 1st and ends on December 31st. This means that any gains or losses you experience from your cryptocurrency investments within this period will be subject to taxation. It's essential to keep detailed records of your transactions and seek guidance from a tax professional to meet your tax obligations.