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Strategies & Market Trends : Value Investing

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Jurgis Bekepuris

To: FIFO_kid2 who wrote (65598)	12/5/2020 5:29:23 PM
From: Paul Senior	1 Recommendation Read Replies (1) of 78817

cryptocurrency. How does the USA tax aspect work? I assume something that trades like GBTC is obviously going to be reported by brokers. But do brokers keep buy and sell crypto info and report it to IRS as they do with stocks? I assume gov't considers crypto buy/sells similar to a currency or commodity trade, and so the trader is somehow required to report trades of their short or long term capital gains or losses.

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