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Taxation of cryptocurrency transactions

Source: Tax Law
Link: Taxation of cryptocurrency transactions

Taxation of Cryptocurrency Transactions

With all the excitement concerning the price of cryptocurrencies, individuals and businesses have glossed over the fact that every cryptocurrency transaction is a taxable event that also has revenue implications.

Vern Krishna explains an importance to maintain transaction records in respect of taxpayers’ investments in cryptocurrencies in his featured article for The Lawyer’s Daily.

Below is an excerpt of the article:

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