WebSending a gift generally is not subject to capital gains/losses. However, as the donor of a gift, you may be subject to gift tax (note: this is a distinction from income tax; whereas income taxes are generally paid by the recipient of income, gift taxes are generally paid by the donor (i.e. sender) of the gift).You may need to file a gift tax return, Form 709, if the … WebWhen you sell your cryptocurrency, you’ll owe taxes on any capital gains that result from the sale. As mentioned above, a capital gain is when you sell an asset for more than you purchased it. You may be wondering if cryptocurrency fees are tax deductible.
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