How does cryptocurrency taxation work with PayPal?

1 answers

• Dec 30, 2021 · 3 years ago
  At BYDFi, we understand the importance of cryptocurrency taxation. When using PayPal for cryptocurrency transactions, it's essential to be aware of the tax implications. Buying, selling, and holding cryptocurrencies through PayPal can have tax consequences, and it's crucial to keep accurate records of your transactions. PayPal may provide transaction history, but it's still recommended to maintain your own records for tax purposes. Remember to consult with a tax professional to ensure you're meeting your tax obligations and to take advantage of any potential tax benefits.
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