Ripple update: Taxation question!
(For USA)I’m a little confused on the taxation upon withdrawal! So considering you hold for 12months, and have to pay 20% on gains! Assuming for those 12months you buy crypto and store them on your ledger regularly, let’s say weekly! Does the 12months rule restart every single time you add to your stash or are each purchase, however small they may be viewed separately then your entire holdings?
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: kryptoroi
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