GhadiJan 27, 2022 · 3 years ago2 answersIs it possible to claim a tax deduction for transaction fees in the world of digital currencies?
I'm wondering if it's possible to claim a tax deduction for transaction fees when using digital currencies. In the traditional financial world, transaction fees can be deducted as a business expense or investment expense. But since digital currencies operate in a different regulatory environment, I'm not sure if the same rules apply. Can anyone shed some light on whether transaction fees incurred in digital currency transactions are tax-deductible?
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