Wednesday, January 22, 2020

Filing my cryptocurrency transactions with my taxes

I'm filling out my tax return and I'm confused about whether or not I should include my Bitcoin transactions. Every time I purchased Bitcoin I've immediately sent it to the place I'm buying something from. I've never held it for long enough time to induce a gain or loss from the share. I read all the guides saying that I absolutely have to file them if I had any gains or losses. I never held it for profit, only used it immediately afterwards for transaction.

Why is the government forcing us in to filing cryptocurrency transactions? And the end wouldn't this just take off money from your tax return? That's really what I want to know.



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