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Taxes on Crypto - Explained!Yes, buying goods and services using cryptocurrencies may be subject to taxes, like if you sold the cryptocurrency for fiat currency. The taxable event would be. Do you have to pay taxes on Bitcoin and crypto? Yes, you'll pay tax on cryptocurrency gains and income in the US. The IRS is clear that crypto may be subject to. Crypto exchanges are required to report income of more than $, but you still are required to pay taxes on smaller amounts. Do you.
