edit: USA
I tried to time the market a month ago, had a stop order limit for a certain amount of BTC, it sold everything, which I knew it was going to do but didn’t even consider taxes cause I thought you get taxed if you withdraw.
I just checked my tax form on the crypto exchange and it says I have $X,XX.XX amount of gains.
Its listed on the exchange as
Outgoing FROM 0.XXXX BTC —> Unknown Estimated Tax Impact $X,XX.XX
When I report this during my taxes will I get taxed for the sell? – Even though I don’t think I made profit?
submitted by /u/brian-augustin
[link] [comments]