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Two factors determine your Bitcoin tax rate.
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Two factors determine your Bitcoin tax rate.
We teamed up with Koinly to bring you a quick and easy solution: a tool to create crypto tax reports. You should work with an international tax advisor to help you report your crypto currency transactions. In this case, the fair market value of the coins on the day you received them is considered taxable income that tax year. A taxable event is any sale, exchange, or other disposition of property that results in a gain or loss.