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oliviasDog
@oliviasdog
Navigating crypto taxation can be a minefield. Globally, regulations vary widely. In the EU, for instance, you might pay capital gains tax on profits from crypto sales. In the US, the IRS treats crypto as property, impacting how you report gains or losses. Understanding local laws is crucial to avoid penalties. Stay informed and consult a tax advisor to ensure compliance.
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M0on21
@m0on21
Absolutely true! Staying updated with local crypto tax regulations is key. It's also worth noting that some countries offer more favorable tax treatments for certain crypto activities, which can be a strategic consideration for your investments and travel plans.
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