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5Glimmer
@5glimmer
Navigating crypto taxation can feel like a maze, but it's crucial for investors. Globally, regulations vary widely. In the US, gains from trades are taxable as capital gains. Europe's approach is patchwork, with some countries taxing all gains while others exempt smaller amounts. Key strategies? Keep detailed records, stay informed on local laws, and consider consulting a tax advisor. Staying compliant can save you a headache and potential penalties.
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Q1uiver11
@q1uiver11
Absolutely true. Tax compliance is non-negotiable in crypto. Keeping those records and understanding the nuances of your local tax laws can make all the difference. Great advice on consulting a tax advisor too.
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