https://ttlc.intuit.com/community/taxes/discussion/re-crypto-taxes/01/3693833#M1366922 <P><SPAN class="citation-33">It depends. You're right to compare it to stocks, as the IRS treats cryptocurrency as property&nbsp;</SPAN><SPAN class="citation-33 citation-end-33">for tax purposes, not as a currency like the USD.</SPAN> <SPAN class="citation-32 citation-end-32">This means the rules are quite similar to how stocks are taxed, but with some crucial differences.</SPAN></P> <P><SPAN class="citation-32 citation-end-32">The taxable scenarios include disposing off Crypto for currency, trading one cryptocurrency for another (Crypto-to-Crypto Exchange), Using Crypto to buy goods or services, or receiving crypto as income.&nbsp; Just like with stocks, if you held crypto for one year or less, it will be considered short-term capital gain/loss, and if held more than one year, it will be considered long-term capital gain/loss.&nbsp;</SPAN></P> <UL> <LI style="list-style-type: none;">&nbsp;</LI> </UL> <P><SPAN class="citation-22 citation-end-22">For additional information, please refer to:&nbsp;</SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/cryptocurrency/L4tWUeZUU_US_en_US?uid=md6cqx9b" target="_blank" rel="noopener">Cryptocurrency Guide</A></P> <P>&nbsp;</P> <P>&nbsp;</P> Wed, 16 Jul 2025 19:48:43 GMT AmitaR 2025-07-16T19:48:43Z https://ttlc.intuit.com/community/taxes/discussion/crypto-taxes/01/3693829#M1366921 <P>Stocks are taxed when they are sold into cash for the capital gains. How are cryptos taxed - is it when you convert them to USD?</P> Wed, 16 Jul 2025 18:57:56 GMT https://ttlc.intuit.com/community/taxes/discussion/crypto-taxes/01/3693829#M1366921 Izakenyarko 2025-07-16T18:57:56Z https://ttlc.intuit.com/community/taxes/discussion/re-crypto-taxes/01/3693833#M1366922 <P><SPAN class="citation-33">It depends. You're right to compare it to stocks, as the IRS treats cryptocurrency as property&nbsp;</SPAN><SPAN class="citation-33 citation-end-33">for tax purposes, not as a currency like the USD.</SPAN> <SPAN class="citation-32 citation-end-32">This means the rules are quite similar to how stocks are taxed, but with some crucial differences.</SPAN></P> <P><SPAN class="citation-32 citation-end-32">The taxable scenarios include disposing off Crypto for currency, trading one cryptocurrency for another (Crypto-to-Crypto Exchange), Using Crypto to buy goods or services, or receiving crypto as income.&nbsp; Just like with stocks, if you held crypto for one year or less, it will be considered short-term capital gain/loss, and if held more than one year, it will be considered long-term capital gain/loss.&nbsp;</SPAN></P> <UL> <LI style="list-style-type: none;">&nbsp;</LI> </UL> <P><SPAN class="citation-22 citation-end-22">For additional information, please refer to:&nbsp;</SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/cryptocurrency/L4tWUeZUU_US_en_US?uid=md6cqx9b" target="_blank" rel="noopener">Cryptocurrency Guide</A></P> <P>&nbsp;</P> <P>&nbsp;</P> Wed, 16 Jul 2025 19:48:43 GMT https://ttlc.intuit.com/community/taxes/discussion/re-crypto-taxes/01/3693833#M1366922 AmitaR 2025-07-16T19:48:43Z