Taxes on Bitcoin-to-Fiat Transactions – What to Know

This topic contains 1 reply, has 2 voices, and was last updated by Genezi 4 weeks ago.

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May 28, 2025 at 9:59 am #25502

Reiner
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What kind of taxes apply when you convert Bitcoin to fiat currency? How do you report it and stay compliant with the law?
June 1, 2025 at 2:42 pm #25505

Genezi
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In most countries, it’s a taxable event and subject to capital gains. Use tools to track purchase and sale prices. When you buy bitcoin, keep records of timestamps and values. Report gains during tax season and consult a crypto-savvy accountant to avoid surprises.
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