How does Cash App handle taxes for users who buy or sell cryptocurrencies?

2 answers

• Jan 13, 2022 · 3 years ago
  Cash App provides users with a transaction history that includes all cryptocurrency purchases and sales. This transaction history can be used to calculate gains or losses for tax purposes. It's important for users to consult with a tax professional to ensure they accurately report their cryptocurrency transactions and comply with tax regulations. Cash App does not provide tax advice, but it does offer resources and guidance to help users understand their tax obligations.
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• Jan 13, 2022 · 3 years ago
  Cash App is not involved in the tax reporting process for cryptocurrency transactions. Users are responsible for accurately reporting their gains or losses on their tax returns. Cash App provides a transaction history that can be used to calculate gains or losses, but it's important to consult with a tax professional to ensure compliance with tax regulations. Remember to keep track of your cryptocurrency transactions and consult with a tax professional to accurately report your taxes.
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