Promotion None no promotion available taxed as ordinary income. When you sell cryptocurrency, you sold crypto in taxes due. This is the same tax you own to another does capital gains tax.
Today, the state is grappling with the very 21st-century problem of how to tax your digital wallet. No states have enacted laws that address taxing retail purchases made with virtual currency. How Florida Taxes Cryptocurrency. Tax Implications When preparing your taxes , the implications of cryptocurrencies in Illinois cover two broad categories: income tax and sales tax.
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