When does the tax year start for cryptocurrency investors?
Cherry BoyerFeb 11, 2023 · 2 years ago2 answers
Can you please explain when the tax year starts for cryptocurrency investors? I am not sure about the specific dates and how it affects my tax obligations.
2 answers
- NickiJan 22, 2023 · 3 years agoAs a cryptocurrency investor, the tax year starts on January 1st and ends on December 31st, just like the regular calendar year. This means that any gains or losses you incur during this period will be subject to taxation. It's important to keep track of your transactions and report them accurately to ensure compliance with tax regulations.
- IgriegaFeb 15, 2024 · a year agoThe tax year for cryptocurrency investors starts on January 1st and ends on December 31st. This means that any gains or losses you experience from your cryptocurrency investments within this period will be subject to taxation. It's essential to keep detailed records of your transactions and seek guidance from a tax professional to meet your tax obligations.
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