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🚨 0% TAX ON CRYPTO IS STILL JUST TALK NOT LAW 📊
There are rumors and proposals floating in Washington about cutting or reducing capital gains tax on some crypto gains, but no official policy has been enacted that eliminates federal capital gains tax on Bitcoin or crypto profits yet — all crypto gains are still taxed under current IRS rules. Some bills aim to exempt small transactions or certain U.S.-based projects, but nothing has been signed into law. That means investors still need to report and pay tax on crypto gains for now — keep that in mind before trading or planning tax moves.
$NKN
#CryptoTaxTalk
There are rumors and proposals floating in Washington about cutting or reducing capital gains tax on some crypto gains, but no official policy has been enacted that eliminates federal capital gains tax on Bitcoin or crypto profits yet — all crypto gains are still taxed under current IRS rules. Some bills aim to exempt small transactions or certain U.S.-based projects, but nothing has been signed into law. That means investors still need to report and pay tax on crypto gains for now — keep that in mind before trading or planning tax moves.
$NKN
#CryptoTaxTalk
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