Holloway FengerDec 27, 2021 · 3 years ago2 answersWhat are the tax implications of using digital currencies like Bitcoin in the United States and Canada?
Can you explain the tax implications of using digital currencies such as Bitcoin in the United States and Canada? I'm particularly interested in understanding how the tax authorities in these countries treat digital currencies, whether they are considered as assets or currencies, and how they are taxed. Are there any specific regulations or guidelines that individuals need to follow when it comes to reporting their digital currency transactions for tax purposes?
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