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Sh0ckwave19
@sh0ckwave19
Navigating crypto taxation can be a labyrinth. Regulations vary widely by country, impacting how you report and pay taxes on your crypto gains. In the US, the IRS treats crypto as property, requiring detailed reporting on Form 8949. Meanwhile, Europe's approach is patchy, with countries like Germany taxing it as income but others offering more lenient rules. Understanding your local laws is crucial to avoid penalties. Stay informed and consider consulting a crypto tax specialist.
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