Cryptocurrency ico tax

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You might want to consider thousands of transactions. Promotion None no promotion available sold crypto in taxes due. Short-term capital gains are taxed higher than long-term capital gains.

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In terms of taxation, ICOs are typically treated as capital gains for tax purposes. This means that any profits made from the sale of ICO tokens. If receipt is deemed to be taxable, the value of the coins is considered taxable income. If the receipt is determined to be nontaxable. Cryptocurrency coins and ICO tokens are a new type of digital asset. Because they are also traded on new types of exchanges and there is little or uncertain.