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Any bitcoin-related expenses would be deductible on Schedule C. TurboTax recommends using the Premier tax filing package when you it for a higher price than you bought it for.
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You DON'T Have to Pay Crypto Taxes (Tax Expert Explains)Bitcoin held as capital assets is taxed as property When you hold Bitcoin it is treated as a capital asset, and you must treat them as. If you buy, sell or exchange crypto in a non-retirement account, you'll face capital gains or losses. Like other investments taxed by the IRS. If you sell Bitcoin for a profit, you're taxed on the difference between your purchase price and the proceeds of the sale. Note that this doesn'.
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