Sunday, August 4, 2019

Tax implications

What would be the tax implications if let’s say bitcoin goes to 15k or my other crypto currency’s go up and I decide to sell, and intend to buy when the price lowers,so at 15k I convert all my crypto to tether and then when it hits 10k I convert all my tether back to BTC and other cryptos, what parts are considered a taxable event? Is it even worth it to do this? Or will I be losing money due to taxes in the process? Sorry I know this is a dumb question so thank you for your answers and patience 👍


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