What parts of crypto activity are taxable and what’s not?
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Tagged: #taxation, cryptoregulation
I have been diving into crypto recently and got confused about what the taxman actually cares about. Is just holding coins taxable, or only when I sell? What about swapping crypto for crypto, staking rewards, or getting paid in crypto? I’d love a clear breakdown of which parts of crypto activity are usually taxed and which aren’t.
Great question, it trips up a lot of people. In most cases, simply holding isn’t taxable, but selling, swapping one crypto for another, earning staking rewards, or getting paid in crypto are usually considered taxable events. Definitely worth double-checking with a tax professional since the details can vary.
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