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Virtual Currency basis
I've converted $10,000 US dollar to 10,000 USDT (stable coin) virtual currency in a service that returns 200 USDT per month but instead of converting it back to USD I roll over that 200 USDT each month back into the service and thus haven't converted anything back to USD or converted to another virtual currency. Am I required to pay taxes on the returns that I roll over?
‎June 28, 2023
4:22 PM