Quote from: Lantind on May 28, 2021, 09:38:18 AM

Quote from: NatureMoves on May 26, 2021, 10:23:55 PM

If I invested 30k in Ethereum and when my investment goes up to 60k, and I sell 30k just to get my initial investment back, will I be taxed on that? I live in the United States and just bought Ethereum this year.

No, because there are no tax rules for that, and recently I read that if a YouTube user has a special income, he will be taxed if the user lives outside the Americas, now that's not the case for crypto.

From what I have heard from crypto people in the US, you have to pay for capital tax gains if you purchased crypto and made profits from it then you should really try and get it done as quickly as possible so they don't come to you later on. In other countries filing for capital isn't that necessary or not even required but in US, its mandated. I know there's a way to waiver it or reduce it but I'm not sure how. Maybe someone in crypto based