Is crypto exchange a taxable event

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If you check "yes," then simplified examples of short-term holdings, a professional or use a service triggers a taxable event.

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10 Top Countries for Crypto Investors: ZERO Crypto Tax
You only pay taxes on your crypto when you realize a gain, which only occurs when you sell, use, or exchange it. Holding a cryptocurrency is not a taxable event. Transferring crypto between your own wallets or accounts isn't typically a taxable event. It's more like moving your assets from one pocket to. Yes, you'll pay tax on cryptocurrency gains and income in the US. The IRS is clear that crypto may be subject to Income Tax or Capital Gains Tax, depending on.