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You DON'T Have to Pay Crypto Taxes (Tax Expert Explains)If you buy btc without KYC and buy a property then you bitcoinsourcesonline.com may be asked where the money comes from. What's the point then buying btc. Using fiat money to buy and hold cryptocurrency is generally not taxable until the crypto is traded, spent, or sold. The IRS classifies digital assets as property, and transactions involving them are taxable by law. Capital gains taxes apply to cryptocurrency sales.
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