Ronald AbelDec 29, 2021 · 3 years ago9 answers What are the tax implications of converting 38000 HKD to USD using cryptocurrencies?
I have 38000 HKD and I want to convert it to USD using cryptocurrencies. What are the tax implications of this conversion? How will it affect my tax obligations? Do I need to report this transaction to the tax authorities? Are there any specific rules or regulations regarding the taxation of cryptocurrency conversions? I want to make sure I comply with the tax laws while converting my HKD to USD using cryptocurrencies.