Crypto fees tax deductible

crypto fees tax deductible

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Those two cryptocurrency transactions are transactions is important for tax.

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While there's not a specific deduction, any cryptocurrency transaction fees you pay when you sell can be subtracted from your proceed amount. Here's an example. Crypto fees cannot be claimed as a capital loss. However, they can be used to reduce your gross proceeds and increase your cost basis, which can reduce your net. However, fees incurred to transfer assets between your accounts or wallets typically can't be deducted.
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Comment on: Crypto fees tax deductible
  • crypto fees tax deductible
    account_circle Kazilabar
    calendar_month 13.12.2020
    Yes, really. So happens.
  • crypto fees tax deductible
    account_circle Meztisida
    calendar_month 15.12.2020
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  • crypto fees tax deductible
    account_circle Kishura
    calendar_month 17.12.2020
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