Quote:
Originally Posted by mantis
40% taxes for not holding, 15% tax for holding one year or more. so many selling dogecion without taking this into account.
each sales better cover taxes, and allow you to get back in for more profits.
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i'd probably guess most the people who just jumped into crypto from the hype don't know this. or just don't care. If you make under 100-200k a year your chances of being audited are very slim.
The waters get muddied further since you can use crypto to buy things directly without needing to cash out through a bank like you would with stocks