Questions on how btc is taxed
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Questions on how btc is taxed

Questions on how btc is taxed

I’ve purchased probably about 50k worth of btc over the last year and used most of it for gambling. I’ve withdrawn less then half, terrible gambler here. How do taxes work with bitcoin? I know I have to file it with my taxes but are my losses taken in consideration and how is it tracked? I’ve purchased the majority through coinbase and sent it to a separate wallet to then send to online crypto casinos.

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