Monday, January 17, 2022

Borrowing on Bitcoin and taxes

I used a few bitcoins as collateral for some USDT Tether loans using Celsius Network. I transferred the Tether to Coinbase and sold them for USD. Is this a taxable event according to the IRS? The Tether was from a loan. If we are to HODL and borrow like the billionaires, what's the best way to do this and get the loan money as real US dollars?


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