When you pay crypto taxes and when you don’t

[analyst75 12]

Crypto Tax Principles

 “While crypto taxes can be complicated, the key principles are not. Fix these ideas in your head:

 

These are taxable events:

Selling crypto.

Trading crypto.

Buying stuff with crypto.

Receiving crypto from airdrops, hard forks, staking rewards, and the like.

 

These are not taxable events:

Buying crypto.

Donating crypto to a tax-exempt organization.

Gifting cryptocurrency (though large gifts may trigger a gift tax)

Transferring crypto from one account to another.” - John Hargrave 

 

Profits from free accurate cryptos signals: https://www.predictmag.com/ 
 

[fxeconomist 11]

You can also enjoy a tax advantage when engaging in cryptocurrency speculation through CFDs, like trading with Hotforex. Since no actual cryptocurrency transactions take place, and you simply enter into predictive contracts with your broker, there are no taxable events associated with your activities.

Edited November 3, 2023 by fxeconomist

[aimhi 10]

There are still many countries where crypto is still not taxable even there are no regulations related to it.

[RJo 10]

On 11/3/2023 at 4:40 AM, fxeconomist said:

You can also enjoy a tax advantage when engaging in cryptocurrency speculation through CFDs, like trading with Hotforex. Since no actual cryptocurrency transactions take place, and you simply enter into predictive contracts with your broker, there are no taxable events associated with your activities.

So, Hotforex is really HotCFD? Just so everyone is aware, the "for" in for-ex is short for "foreign," and the "ex" in for-ex is short for "exchange." With all due respect, there is nothing foreign nor any exchange in CFD trading. Hotforex creates its own price feed and its own trade execution policy, and trades against you. This is the dictionary definition of a bucket shop. I'm pretty sure this is why the U.S. banned CFD's altogether. Maybe they should call it... Hotmess?