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Sorry, a basic question I need an answer for. If you buy crypto (BTC and others) and you just long term 5-10yr hodl, no trade or swaps etc. When does capital gains tax become relevant? Is it something you need to declare annually if you have gains or is it literally only if you cash out and withdraw or trade with the gains? If we rocket in the next 10 years this will be vital knowledge for anyone invested but isn’t talked about much. Cheers. submitted by /u/gponter79 [link] [comments]
Sorry, a basic question I need an answer for. If you buy crypto (BTC and others) and you just long term 5-10yr hodl, no trade or swaps etc. When does capital gains tax become relevant? Is it something you need to declare annually if you have gains or is it literally only if you cash out and withdraw or trade with the gains? If we rocket in the next 10 years this will be vital knowledge for anyone invested but isn’t talked about much. Cheers.
[link] [comments]
