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WebDec 4, 2024 · Crypto Tax Myth #2 - The blockchain is fully anonymous and the IRS can’t trace your crypto transaction activity. Crypto has been promoted as a secure, decentralized, and anonymous form of currency. ... The blockchain is a public ledger where all transactions are recorded and verified in a decentralized manner through various means. As a ... WebMining crypto: If you mined crypto, you’ll likely owe taxes on your earnings based on the fair market value (often the price) of the mined coins at the time they were received. Crypto … dictatoriallythey
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