Moving assets directly between your own digital wallets is typically not an issue within the United States, yet the gas charges incurred along the way could be a different story.
According to the Internal Revenue Service, utilizing cryptocurrency to cover a transfer fee qualifies as an event that must be reported. While these individual costs may seem minor, a full year of activity can accumulate into an extensive list of entries.
Have you kept track of yours?
Not tax advice.
According to the Internal Revenue Service, utilizing cryptocurrency to cover a transfer fee qualifies as an event that must be reported. While these individual costs may seem minor, a full year of activity can accumulate into an extensive list of entries.
Have you kept track of yours?
Not tax advice.