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While values dropped in December, you're saving the right amount. But hiding taxable activity may last year's cryptocurrency profits on.
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What Happens If You Don't Report Crypto on Your Taxes?You can buy BTC or any crypto through normal kyc exchange. You then send it to a non kyc exchange like TradeOgre and you buy Monero. Send Monero. You don't have to report who your friend is and it's in his wallet IRS is going to give you a pass on crypto tax fraud. For that reason. Transferring crypto is not a taxable event, correct? KuCoin is non KYC, so I don't see how I could get caught. I am very young and this is.