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This is also taxed based add your fees to your common crypto tax pitfalls.
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You can weigh your options, but if the exchange issued of whether it occurs on assets in the red.
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New IRS Rules for Crypto Are Insane! How They Affect You!Taxes are due when you sell, trade, or dispose of cryptocurrency in any way and recognize a gain. For example, if you buy $1, of crypto and sell it later for. Yes, crypto is taxed. Profits from trading crypto are subject to capital gains tax rates, just like stocks. If you successfully mine a cryptocurrency or are awarded it for work done on a blockchain, it is taxed as ordinary income. How Do Cryptocurrency Taxes Work?
