Whether cryptocurrency is "currency" or "property," changes in its value (i.e. income) should be taxed once they are realized. So, if you buy a $4 sandwich with a coin that cost you $2, you should pay tax on the $2 gain as well as sales tax, if any.https://www.morningstar.com/news/dow-jones/202009252359/the-irs-sets-a-trap-for-cryptocurrency-tax-cheats …
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