Cryptocurrency Q&A
Do you pay tax on Tether?
Do you pay tax on Tether?
JejuJoyful
Sun Feb 09 2025
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7
answers
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I am holding some Tether and I am wondering if I need to pay tax on it. I know that cryptocurrencies are treated differently in different countries, but I am not sure about the specific tax regulations regarding Tether.
7 answers
MysticEchoFirefly
Tue Feb 11 2025
Converting to Tether (USDT) has tax implications.
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GeishaElegance
Tue Feb 11 2025
The Internal Revenue Service (IRS) considers the conversion as a taxable event.
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Claudio
Mon Feb 10 2025
This is because the IRS treats the conversion as a sale of the original asset.
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Arianna
Mon Feb 10 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services.
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EthereumEmpire
Mon Feb 10 2025
As a result, the conversion may lead to a taxable gain.
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