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Bitcoin : Am I only tax liable when I turn bitcoin into fiat for a profit, not fiat into bitcoin? If I bought bitcoin from a KYC like CashApp/Coinbase and sent it to a wallet, I don’t need to declare it, right?

Bitcoin : Am I only tax liable when I turn bitcoin into fiat for a profit, not fiat into bitcoin? If I bought bitcoin from a KYC like CashApp/Coinbase and sent it to a wallet, I don’t need to declare it, right?


Am I only tax liable when I turn bitcoin into fiat for a profit, not fiat into bitcoin? If I bought bitcoin from a KYC like CashApp/Coinbase and sent it to a wallet, I don’t need to declare it, right?




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Bitcoin



Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: Adamintheworld

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