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Marty Self

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Understanding Crypto And Capital Gains Taxes

Published 01/21/2022 by Marty Self

The IRS treats crypto as a digital asset and taxes it much like stocks, bonds, and other capital assets. However, the taxes you owe will depend on how you used your crypto in the previous year. Yes, it’s a little complicated. Here’s what you need to know.

Double charges are duplications of payments that come out of your debit card, which links directly to your checking account. This may be caused by simple human error or because of a banking issue. If your transaction history shows two purchases for the same amount on the same day, you likely have a double charge on your card. Call your bank or the merchant to rectify the error.