uhh did gemini remove the ability to sell btc for eth or am i a spectacular idiot right now
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It's treated like property. Not an accountant, but here's a summary: - When you sell crypto (incl. trading for another) you incur capital gains/losses - Held less than a year? ST gains (income). Longer? LT gains (15-20%) - http://cointracker.io is very helpful for tax accting
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a general heuristic (which I wish I had followed in 2017): if you are incurring gains, get a rough estimate of those gains and liquidate that much to cash (prefund the tax liability). avoids unpleasant surprises
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