How do capital gains or losses affect my cryptocurrency investments?

1 answers

• Jan 02, 2022 · 3 years ago
  At BYDFi, we understand the importance of capital gains and losses in the cryptocurrency world. When you sell or trade your digital assets, you may incur capital gains or losses depending on the selling price compared to the cost basis. These gains or losses can have a significant impact on your investment portfolio and tax liability. It's crucial to keep accurate records of your cryptocurrency transactions and consult with a tax professional to ensure compliance with tax regulations. Remember, staying informed and proactive can help you make the most of your cryptocurrency investments.
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